Based on the Information Given, Calculate the Dollar Amount of the Variance

question 29

Short Answer

Based on the information given, calculate the dollar amount of the variance and indicate whether it is favorable or unfavorable. $$\begin{array} { | l | l | l | l | l | } \hline \text { Item } & \text { Budget } & \text { Actual } & \text { Variance } & \begin{array} { l } \text { Favorable or } \\\text { Unfavorable }\end{array} \\\hline \text { Sales Revenue } & \$ 820,000 & \$ 835,000 & & \\\hline\end{array}$$

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Definitions:

Lexicon

The complete set of words in a language or a particular field of study.

Reprimand

A formal expression of disapproval, often in the workplace or educational settings, aimed at correcting undesirable behavior.

Truth

The property of being in accord with fact or reality, often considered as an ultimate standard or objective to be sought.

Social Comparison

The process of evaluating oneself in relation to others, often in terms of abilities, achievements, and social status.