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  3. 2. revenue variance actual quantity budgeted qua

2. Revenue Variance Actual Quantity Budgeted Quantity Budgeted Price Variance Favorable/Unfavorable ...

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Accounting

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2.

Revenue Variance Actual Quantity Budgeted Quantity Budgeted Price Variance Favorable/Unfavorable
Quantity 10,000 15,000 $8.00 40,000 Unfavorable
Revenue Variance Actual Price Budgeted Price Actual Quantity Variance Favorable/Unfavorable
Price $10 $8 10,000 $20,000 Favorable

Using the data provided in the above table, xompute expenditure quantity and price variance for anmial food expenditures and state whether each is favorable or unfavorable? What do we learn about the zoo from doing this analysis?

Table 1: All Figures in \$

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