Part 1[3]
Using Table 2.2 together with the other information, Calculate the variance between TDC’s budgeted revenue and actual revenue for 2023, and State whether it is favourable or adverse.
Business 9609 · AS & A Level · Budgets
Budgets — practice question
Worked solution & mark scheme
This 3-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Correct variance worked out: actual revenue − budgeted revenue = $400m − $340m = $60m, with the result correctly labelled adverse (unfavourable)” …
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- Step-by-step worked solution
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