What is the variance amount what is the variance percentage, Accounting Basics

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What is the variance amount what is the variance percentage

Please show your calculations for each of the following problems, ten points will be awarded for each correct answer.

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 orunfavorable?

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Accounting Basics: What is the variance amount what is the variance percentage

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Accounting Basics: What is the variance amount what is the variance percentage

Reference No:- TGS0596308

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: What is the variance amount what is the variance percentage

Reference No:- TGS0596308

Recent Questions Asked Accounting Basics

Q : What is the purpose of closing the books after closing what

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