Bramble Corp. received $93000 in cash and a used computer with a fair value of $348000 from Blossom Company for Bramble Corp.'s
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Answer:
The dollar variance is -$100.
The percent variance is -20%.
Since the actual income is less than the budgeted income, the variance is unfavorable (U).
We calculate Dollar Variance as :
Next, we calculate percent variance as :
Plugging the values in we get,
Percent Variance = -20%