Question

The following is a partial performance report for a revenue center for the Northern Division of Summer Food . Restaurants.

Summer Food Restaurants

Sales Revenue - Northern Division

For the Month Ended June 30

Variance

Product ActualSales Budgeted Sales Variance Variance Percentage

Food $159,650 $155,000 . ? ?

Dessert 21,340 22,000 . ? ?

Bar 59,160 . 58,000 ? ?

Catering 57,000 60,000 ? ?

Fill in the missing amounts. Indicate whether each variance is favorable​ (F) or unfavorable​ (U). ​(Enter the variances as positive numbers and round the variance percentages to the nearest tenth of a​ percent, X.X%. Label each variance as favorable​ (F) or unfavorable​ (U).)

Summer Food Restaurants
Northern Division - Sales Revenue for
For the Month Ending June 30
			Variance
Product	Actual Sales	Budgeted Sales	(U or F)
Food	$159,650	$155,000
Dessert	$21,340	$22,000
Bar	$59,160	$58,000
Catering	$57,000	$60,000

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Answer 1

Summer Food Restaurants
Northern Division - Sales Revenue for
For the Month Ending June 30
			Variance
Product	Actual Sales	Budgeted Sales	(U or F)		Variance %
Food	$159,650	$155,000	4,650	F	4,650/155,000 = 3%
Dessert	$21,340	$22,000	660	U	660/22,000 = 3%
Bar	$59,160	$58,000	1,160	F	1,160/58,000 = 2%
Catering	$57,000	$60,000	3,000	U	3,000/60,000 = 5%

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