The sales volume variance and to indicate if it is favourable or unfavourable

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Answer 1

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 8, Problem 7ESA

a)

To determine

The sales volume variance and to indicate if it is favourable or unfavourable

b)

To determine

The flexible budget variance and to indicate if it is favourable or unfavourable

c)

To determine

Identify if lowering the price of training services increased the revenue.

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Answer 2

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 8, Problem 7ESA

a)

To determine

The sales volume variance and to indicate if it is favourable or unfavourable

b)

To determine

The flexible budget variance and to indicate if it is favourable or unfavourable

c)

To determine

Identify if lowering the price of training services increased the revenue.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 8, Problem 7ESA

a)

To determine

The sales volume variance and to indicate if it is favourable or unfavourable

b)

To determine

The flexible budget variance and to indicate if it is favourable or unfavourable

c)

To determine

Identify if lowering the price of training services increased the revenue.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

Chapter 8, Problem 7ESA

a)

To determine