Question 1
A manager budgeted $3000 for repair expense. The manager's actual repair expense was $3450. What was this manager's variance percentage for repair expense?Question 2
A manager budgeted $60,000 in revenue and a 20% beverage cost for an accounting period. The manager achieved $60,000 in revenue for the period but generated a 22% beverage cost. What was the dollar amount of the manager's beverage cost variance?Answer 1
15%Answer 2
$12,000