The fixed budget indicates sales of $50,000. Actual sales were $55,000. The variance is:
Question
Solution 1
The variance is calculated by subtracting the budgeted amount from the actual amount.
Step 1: Identify the actual sales and the budgeted sales. In this case, the actual sales are $55,000 and the budgeted sales are $50,000.
Step 2: Subtract the budgeted sales from the actual sales to find the vari Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
The fixed budget indicates sales of $50,000. Actual sales were $55,000. The variance is:
Suppose for a particular week, the forecasted sales were $4,000. The actual sales were $3,000. What is the value of the mean absolute percentage error?
Sales Rs. 50,000; Variable cost Rs. 30,000; Net profit Rs. 6,000; fixed cost is .a.b. Rs. l4,000 .b.Rs. 10,000.c.Rs. 12,000.d.Rs. 8,000.
Sales Rs. 50,000; Variable cost Rs. 30,000; Net profit Rs. 6,000; fixed cost is .a.Rs. 12,000.b.Rs. 10,000.c.b. Rs. l4,000 .d.Rs. 8,000.
True or false: A flexible budget reporting sales volumes at three different levels will have the same fixed costs.