Question

Budgeted income amount $25.00
Actual amount $17.50
Dollar variance
Percent variance
F or U

Answer 1

Answer:

$7.50 and 30% U

Explanation:

Dollar variance is budgeted amount minus actual amount

=$25- $17.50

=$7.50

Percent variance

=$7.50/$25 x 100

=0.3 x 100

=30% unfavorable