9. Determine the price-volume variance ($).Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number.Assume that your hotel has a restaurant. The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50.The actual sales were 3,200 meals and food revenue of $18,400.Use the information above and the table below to solve the questions. Meals (# of units)Price/unitTotal RevenueBudget3,000 $5.5 ?Actual3,200 ?$18,400

A volume variance is the difference between the actual quantity sold or consumed and the budgeted…

Answered: . Determine the price-volume variance…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

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Problem 46E: Method of Least Squares Refer to the information for Luisa Crimini on the previous page. Required:...

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9. Determine the price-volume variance ($).

Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number.

Assume that your hotel has a restaurant.

The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50.
The actual sales were 3,200 meals and food revenue of $18,400.
Use the information above and the table below to solve the questions.

	Meals (# of units)	Price/unit	Total Revenue
Budget	3,000	$5.5	?
Actual	3,200	?	$18,400

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