Question 3 A. An operation projected it would serve 10,000 guests at an average sale per guest of $11 in a specific budget period. In that period, the operation actually served 11,000 guests and achieved revenue of $100,000. What was the operation's variance in revenue for the period? B. A manager originally budgeted $85,500 in sales with a 38% food cost target. The revenue budgeted is revised upward to $100,000. What would be the amount projected for food cost in the new budget?

Question 3 A. An operation projected it would serve 10,000 guests at an average sale per guest of $11 in a specific budget period. In that period, the operation actually served 11,000 guests and achieved revenue of $100,000. What was the operation's variance in revenue for the period? B. A manager originally budgeted $85,500 in sales with a 38% food cost target. The revenue budgeted is revised upward to $100,000. What would be the amount projected for food cost in the new budget?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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