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