The variance is calculated by subtracting the budgeted amount from the actual amount. In this case, the actual sales ($55,000) are higher than the budgeted sales ($50,000).

So, the calculation would be: $55,000 (actual) - $50,000 (budgeted) = $5,000

Because the actual sales were higher than the budgeted sales, this is a favorable variance.

So, the answer is: $5,000 favorable.

Question

The variance is calculated by subtracting the budgeted amount from the actual amount. In this case, the actual sales ($55,000) are higher than the budgeted sales ($50,000).

So, the calculation would be: $55,000 (actual) - $50,000 (budgeted) = $5,000

Because the actual sales were higher than the budgeted sales, this is a favorable variance.

So, the answer is: $5,000 favorable.

Knowee AI · Accepted Answer

The variance is calculated by subtracting the budgeted amount from the actual amount. In this case, the actual sales ($55,000) are higher than the budgeted sales ($50,000).

So, the calculation would be: $55,000 (actual) - $50,000 (budgeted) = $5,000

Because the actual sales were higher than the budgeted sales, this is a favorable variance.

So, the answer is: $5,000 favorable.

Multiple Choice QuestionThe fixed budget indicates sales of $50,000. Actual sales were $55,000. The variance is:Multiple choice question.$5,000 unfavorable$55,000 favorable$55,000 unfavorable$5,000 favorable

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