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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 $18,400. Determine the price-volume variance ($)

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 $18,400. Determine the price-volume variance ($)

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 2BE: Pasadena Candle Inc. projected sales of 800,000 candles for January. The estimated January 1...
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  • 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 $18,400.
  • Determine the price-volume variance ($)
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