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2 years ago

When actual revenue ______ what the revenue should have been, the variance is labeled favorable.

Business

2 answers:

xeze [42]2 years ago

6 0

When actual revenue <u>exceeds</u> what the revenue should have been, the variance is labelled favourable.

Hope that helps!

frozen [14]2 years ago

6 0

Answer: when actual revenue exceeds what the revenue should have been, the variance is labelled favourable

Explanation:

hope this helps

have a nice day!

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3 years ago

Using the following information please prepare a schedule of cost of goods sold and calculate the value of ending inventory and

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Answer:

Ending inventory= $110,000

COGS= $100,000

Explanation:

Giving the following information:

Beginning inventory=2,000 units for $10 per unit.

Purchases:

June 30, 2019= 5,000 units at cost of $20 per unit.

September 30, 2019= 3,000 units for $30 per unit.

On December 1, 2019 the company sold 6,000 units.

Using the FIFO (first-in; first-out) inventory method, the value of ending inventory is calculated using the cost of the last units incorporated into inventory.

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