Following is a performance report for Electric Hero. Required (a) Calculate the variances, stating whether they are

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Following is a performance report for Electric Hero. image text in transcribed

Required

(a) Calculate the variances, stating whether they are favourable or unfavourable, and suggest possible reasons for variances that you consider significant.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 27, 2024 03:02 AM

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Following is a performance report for Electric Hero. Required (a) Calculate the variances, stating whether they are

Question:

Budget Actual Staff wages Food and supplies $264 000 $287 000 189 000 115 000 Repairs and 80 000 125 000 maintenance Rates and insurance 36 000 38 500 Advertising 18 000 18 000 Electricity 12 000 20 000 Variance

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Accounting

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