Essay On Unfavorable Cost Increase

Kalamazoo Zoo Case Kalamazoo ZooKarmen SandersMBA 63207/04/2016Question 1: TotalVariance TypeActual BudgetVariance AmountFavorable/UnfavorableRevenue$850,000$820,000$30,000FavorableExpenditure$1,070,000$820,000$250,000UnfavorableQuestion 2: TicketsRevenue VarianceActual QuantityBudgetedQuantityBudgeted PriceVarianceFavorable/UnfavorableQuantity10,00015,000$8.00$40,000UnfavorableRevenueVarianceActual PriceBudgeted PriceActual QuantityVarianceFavorable/UnfavorablePrice$10$810,000$20,000FavorableQuestion 3: Food/AnimalsExpenditureVarianceActual QuantityBudgetedQuantityBudgeted PriceVarianceFavorable/UnfavorableQuantity120100$240020FavorableExpenditureVarianceActual PriceBudgeted PriceActual QuantityVarianceFavorable/UnfavorablePrice$3000$2400120$72,000UnfavorableQuestion 4:By performing the variances, I can see that the Zoo has had an unfavorable year. Ticket sales were down, however the price per ticket was higher than actually.