Answered: What is the variance in revenue?…

What is the variance in revenue? Opening Inventory 9 bottles Issues 10 bottles Ending Inventory 4.5 bottles Bottle size 1 liter Standard portion 2 ounces Drink price $10 Total drinks sold 220

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

What is the variance in revenue?

Opening Inventory	9 bottles
Issues	10 bottles
Ending Inventory	4.5 bottles
Bottle size	1 liter
Standard portion	2 ounces
Drink price	$10
Total drinks sold	220

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