What is the activity variance for revenue, Accounting Basics

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What is the activity variance for revenue

A restaurant's revenue formula is $25q, where q is the number of meals served. The restaurant's planning budget is based on 400 meals. Its actual level of activity was 380 meals and the actual revenue at that level of activity was $9325. What is the activity variance for revenue?

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Accounting Basics: What is the activity variance for revenue

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Accounting Basics: What is the activity variance for revenue

Reference No:- TGS055918

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Recent Questions Asked Accounting Basics

Q : Difference between the current and temporal method

Q : Compare the trend percentages

Q : Calculate the amount of working capital and current ratio

Q : Calculate balance in retained earnings at the time change

Q : What is the activity variance for revenue

Q : Calcuations of the total effect of the errors on net income

Q : Prepare a five-year table to amortize the discount

Q : Determine the amount of cash used for operating activities

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the activity variance for revenue

Reference No:- TGS055918

Recent Questions Asked Accounting Basics

Q : Difference between the current and temporal method

Q : Compare the trend percentages

Q : Calculate the amount of working capital and current ratio

Q : Calculate balance in retained earnings at the time change

Q : What is the activity variance for revenue

Q : Calcuations of the total effect of the errors on net income

Q : Prepare a five-year table to amortize the discount

Q : Determine the amount of cash used for operating activities

Q : Contribution as revenue at the time of the pledge

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