Two types of sub variances that caused the total variance

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The Lehman College expected to have 140 students in HAS 304 in spring and fall 2017. Actually, there are 175 students. The college had expected to receive, on average, $ 1,500 per students, after taking scholarship into account. The college received an average of $ 1,300.

a. What was the total revenue variance?

b. Was it favorable or unfavorable?

c. What are the two types of subvariances that caused the total variance?

Reference no: EM131522660


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