Actual cost for March in a nearby restaurant was $35,000, and standard cost for the same period

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Actual cost for March in a nearby restaurant was $35,000, and standard cost for the same period was $32,000. Sales were $100,000 for the month.

Given this information, What is the variance % for this period?

Related Book For answer-question

Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Posted Date: Mar 23, 2024 03:15 PM

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Actual cost for March in a nearby restaurant was $35,000, and standard cost for the same period

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To calculate the variance percentage you can use the following formula textVa... View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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