Is the variance favorable or unfavorable
1. Memphis Corporation has a sales budget of $500,000.00for the year ended 12/31/05.
The actual sales for theyear were $450,000.00.
A) What is the variance amount?
B) What is the variance percentage?
C) Is the variance favorable or unfavorable?
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1. Memphis Corporation has a sales budget of $500,000.00for the year ended 12/31/05.The actual sales for theyear were $450,000.00.
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