Remember, Revenue Variance measures the change in profit or contribution attributable as a result of...
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Remember, Revenue Variance measures the change in profit or contribution attributable as a result of a difference in PRICE or VOLUME. Consider the situation below: Bangalore Bakery Inc. is a small company that specializes in baking a special type of snack: Modi Masala Donut [MMD] at $5.00 each For 2019: Budget Revenue $8000 Actual Revenue $6825 Budget Volume 1,600 donuts Actual Volume 1,300 units Budget Price $5.00 Actual Price $5.25 Calculate: 1. Total Budget Variance 2. Variance that comes from pricing 3. Variance that comes from volume
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