question archive Variance Analysis Matrix A snack bar budgets 14,000 covers with an average check of $6

Variance Analysis Matrix A snack bar budgets 14,000 covers with an average check of $6

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Variance Analysis Matrix A snack bar budgets 14,000 covers with an average check of $6.45, and an average cost per customer of $2.45. Actual results were 14,800 customers, and an average check of $6.75; average cost per cover was $2.25.

Determine the price, volume, and total variances for sales revenue, and the cost, volume, and total variances for the cost.

 

 

Price, volume and total revenue variances

Volume                                    Price                Total

Actual                          Actual

 

 

Actual                          Budgeted

 

 

Budgeted                                 Budgeted

 

 

 

Cost, volume and total expense variances

Volume                                    Cost                             Total

Actual                          Actual

 

 

Actual                          Budgeted

 

 

Budgeted                                 Budgetedc

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