The Lehman College expected to have 140 students in HAS 304 in spring and fall 2017. Actually, there are 175 students. The college had expected to receive, on average, $ 1,500 per students, after taking scholarship into account. The college received an average of $ 1,300.
a. What was the total revenue variance?
b. Was it favorable or unfavorable?
c. What are the two types of subvariances that caused the total variance?