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  3. fanning educational services had budgeted its trai

Fanning Educational Services had budgeted its training service charge at $65 per hour. The company...

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Accounting

Fanning Educational Services had budgeted its training service charge at $65 per hour. The company planned to provide 24,000 hours of training services during the year. By lowering the service charge to $48 per hour, the company was able to increase the actual number of hours to 25,200.
Required
a. Determine the sales volume variance, and indicate whether it is favorable or unfavorable.
Note: Select "None" if there is no effect (i.e., zero variance).
b. Determine the flexible budget variance, and indicate whether it is favorable or unfavorable.
Note: Select "None" if there is no effect (i.e., zero variance).
c. Did lowering the price of training services increase revenue?
\table[[Sales,,],[a. Volume variance,$161,000,Favorable],[b. Flexible budget variance,$140,100,Favorable],[c. Did lowering the price of training services increase revenue?,Yes,]]
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