aidanw
15.04.2020 •
Mathematics
PLEASE HELP PERSONAL FINANCE / LAUNCH QUESTION
A person budget $40 for entertainment but spend $50. What is the percent of variance?
a. 25% favorable
b. 20% unfavorable
c. 20% favorable
d. 25% unfavorable
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Ответ:
option d: 25% unfavorable
Step-by-step explanation:
The budget is $40, and it was spent $50, so as the amount spent was higher than the budget, we have a unfavorable percent of variance.
The amount spent more than the budget was:
50 - 40 = 10
Now to calculate the percent of variance, we divide the value spent more than the budget (10) by the value of the budget (40)
Percent of variance = 10 / 40 = 0.25 = 25%
So the answer is 25% unfavorable, option d
Ответ:
Ung letter a
Step-by-step explanation:
Actually how to solve it