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Complete variance analysis for revenue by indicate variance

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Reference no: EM132552582

Question 1: In April, Klayken Club House projected 4,000 dinner plates to be sold with an average selling price of $6.20. The actual data for dinner plate sales showed that 3,600 dinner plates sold and the dinner revenue was $26,640. Based on the information given, run a complete variance analysis for revenue by indicating variance conditions for each of the revenue variance components.

Group of answer choices

Option 1: $1,800 (F) Budget Variance, $5,220 (F) Price Variance, -$2,010 (U) Volume Variance, and -$510 (U) Price-Volume Variance

Option 2: $1,840 (F) Budget Variance, $4,800 (F) Price Variance, -$2,480 (U) Volume Variance, and -$480 (U) Price-Volume Variance

Option 3: $1,730 (F) Budget Variance, $6,100 (F) Price Variance, -$3,145 (U) Volume Variance, and -$600 (U) Price-Volume Variance

Option 4: $1,610 (F) Budget Variance, $4,100 (F) Price Variance, -$2,480 (U) Volume Variance, and -$450 (U) Price-Volume Variance

Reference no: EM132552582

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