Question: Variance Analysis Matrix A snack bar budgets 14,000 covers with an average check of $6.45, and an average cost per customer of $2.45. Actual results

Variance Analysis Matrix

A snack bar budgets 14,000 covers with an average check of $6.45, and an average cost per customer of $2.45. Actual results were 14,800 customers, and an average check of $6.75; average cost per cover was $2.25.

Determine the price, volume, and total variances for sales revenue, and the cost, volume, and total variances for the cost.

Price, volume and total revenue variances

VolumePriceTotal

ActualActual

ActualBudgeted

BudgetedBudgeted

Cost, volume and total expense variances

VolumeCostTotal

ActualActual

ActualBudgeted

BudgetedBudgeted

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