1
answer
0
watching
105
views
7 Sep 2018
Classic British Sports Cars, Inc. specializes in maintaining andrestoring sports cars from the 1960s and relies on a flexiblebudget. For January, 2012, the company projected that its revenuewould be $100,000 based on 500 repair jobs at an average cost of$300 and 50 restoration jobs at an average cost of $2,000. Actualrevenue for January was $268,000. Is that a favorable orunfavorable variance? What different factors could account for thatvariance? How should the company adjust its projections as a resultof this variance?
Classic British Sports Cars, Inc. specializes in maintaining andrestoring sports cars from the 1960s and relies on a flexiblebudget. For January, 2012, the company projected that its revenuewould be $100,000 based on 500 repair jobs at an average cost of$300 and 50 restoration jobs at an average cost of $2,000. Actualrevenue for January was $268,000. Is that a favorable orunfavorable variance? What different factors could account for thatvariance? How should the company adjust its projections as a resultof this variance?
9 Sep 2018