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ehidna [41]
2 years ago
9

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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An entrepreneur takes up the financial risk of a business.

An entrepreneur earns profit or loss.

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I hope my answer helps you.

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Read 2 more answers
A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is ________ and his average
MissTica

A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is $500 and his average revenue is $5 .it cannot change its quantity of output.

Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.

The amount made per unit of output is referred to as average revenue. In other words, it is the money the seller makes from each commodity unit that is sold. Divide the entire revenue by the total output to get the average revenue for a company.

Learn more about Revenue here  brainly.com/question/16232387

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