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FIGURE 21-3
-A 4-Ω resistor is connected in parallel with a 12-Ω resistor and this combination is connected to a DC power supply with voltage V as shown in Figure 21-3. If the total current in this circuit is 2 A, what is the value of voltage V?
Revenue Variance
The difference between the actual revenue for the period and how much the revenue should have been, given the actual level of activity. A favorable (unfavorable) revenue variance occurs because the revenue is higher (lower) than expected, given the actual level of activity for the period.
Sales Revenue
The income received from selling goods or services over a period of time.
Actual Level
The real, observed or measured value of a variable or condition, as opposed to an estimated or theoretical level.
Flexible Budget
A dynamic budget that changes according to the business activity levels, offering a more adaptable financial planning tool.
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