Look at the following revenue statement for a caf for the first quarter of 2023. Using the

Look at the following revenue statement for a café for the first quarter of 2023. Using the figures shown, calculate the missing items. Fill in 'F' for a favourable variance (i.e. an increase) or 'U' for an unfavourable variance i.e. (a decrease). Calculate the missing items and fill in your answers. Particulars Actual Budget Variance % F/U Revenue $22000 $24000 Expenses Wages 11000 12000 1000 Lease of premises 5500 500 Food Supplies 3570 10.0% Telephone 600 500 Total Expenses Net profit 2430 ☐ Satisfactory ☐ Not Satisfactory Student Signature: Student Name: Date:

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Particulars Actual Budget Variance FU Revenue 22000 24000 2000 833 U ... View the full answer