Question #80067
Explain each variance calculated below:
Product
Gross profit budget ($)
Gross profit actual ($)
Variance ($)
A
2,250
2,925
675
B
3,100
3,875
775
C
6,000
4,000
-2,000
Total
11,350
10,000
-550
Product
Gross profit budget ($)
Gross profit actual ($)
Variance ($)
A
2,250
2,925
675
B
3,100
3,875
775
C
6,000
4,000
-2,000
Total
11,350
10,000
-550
Expert's answer
Product A B C Total
GP budget ($) 2,250 3,100 6,000 11,350
GP actual ($) 2,925 3,875 4,000 10,800
Variance ($) 675 775 -2,000 -550
A and B are favourable, C and total are unfavourable.
GP budget ($) 2,250 3,100 6,000 11,350
GP actual ($) 2,925 3,875 4,000 10,800
Variance ($) 675 775 -2,000 -550
A and B are favourable, C and total are unfavourable.
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#340153 on Dec 2023
#340153 on Dec 2023
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