Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. last month, the town of new hen established a park

Last month, the town of New Hen established a Parking Enforcement Unit (PEU) to write...

80.2K

Verified Solution

Question

Finance

Last month, the town of New Hen established a Parking Enforcement Unit (PEU) to write parking citations. New Hen budgeted $3,600 for the units first 30 days, and estimated PEU officers would write 50 citations per day in those 30 days. In addition, New Hen estimated that officers would work 12 minutes per citation written. In actuality, PEU officers wrote an average of 45 citations per day and worked 15 minutes per citation written. New Hen also paid PEU officers $0.40 more per hour than budgeted. Calculate the volume, quantity, price, and total expense variances, and indicate whether they are favorable or unfavorable.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students