Following is a performance report for Oasis Villas. Budget Actual Variance Staff wages Food and supplies Repairs
Question:
Following is a performance report for Oasis Villas.
Budget | Actual | Variance | |||||||||
Staff wages Food and supplies Repairs and maintenance Rates and insurance Advertising Electricity | $234 000 189 000 80 000 36 000 18 000 12 000 | $267 000 145 000 105 000 38 500 18 000 15 000 | |||||||||
Required
Calculate the variances, stating whether they are favourable or unfavourable, and suggest possible reasons for variances that you consider significant.
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The variances that are significant are the staff wages food and supplies and repairs and maintenance ...View the full answer
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ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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