mobslayer88
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compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is favorable (F) or unfavorable (U). Budgeted Income Amount $500.00 Actual Amount $400.00
Dollar Variance $
Percent Variance %
F or U

Respuesta :

Answer:

Dollar Variance is -$100

Percent Variance is -20%

Since the actual amount received is less than the budgeted amount, the variance is unfavorable (U).

We calculate Dollar Variance as [tex]Actual Income - Budgeted Income[/tex].

[tex]Dollar Variance = 400 - 500 = -100[/tex]

Next calculate percent variance as [tex]\frac{Dollar Variance}{Budgeted Income}*100[/tex]

[tex]Percent Variance = \frac{-100}{500} * 100 = -0.20*100[/tex]

Percentage Variance = -20%.

mrflattykawa

Answer:

dollar variance: -100

percent variance: -20

U

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