Question 1:

Variance type Actual Budget Variance Amount Favorable/Unfavorable

Revenue Variance $ 850,000 $ 820,000 $ 30,000 Favorable
Expenditure Variance $ 1,070,000 $ 820,000 $ 250,000 Unfavorable
Question 2:

Ticket Revenue Variance

Revenue Variance Actual Quantity Budgeted Quantity Budgeted Price Variance
Quantity $ 10,000 $ 15,000 $ 8 $ 40,000

Revenue Variance Actual Price Budgeted Price Actual Quantity Variance

Price 10 8 10,000 20000

For quantity based revenue variance, the result is related to the quantity of actual visitors and budgeted visitors. From the ana
revenue changes along with the quantity change of visitors. For price based revenue variance, the resulted is related to the diff
and the budgeted price. From the analysis we can know how the revenue change along with different ticket price.

Question 3:

Animal Food Expenditure Variance

Expenditure Variance Actual Quantity Budgeted Quantity Budgeted Price Variance
Quantity $ 120 $ 100 $ 2,400 $ 48,000

Expenditure Variance Actual Price Budgeted Price Actual Quantity Variance

Price $ 3,000 $ 2,400 $ 120 $ 72,000

The expenditure for animal food depend on two factors: the quantity of animals and the price of the food. The expenditure wi
either animal's food or the amount of animals .The price related variance will change if the food price changed or the mount o
because of the winter storms, the weather is more cold than usual. This may bring a result that the animals need more food to
hand, the more demand of the food may also cause by the increase of the amount of baby animals. The quantity variance dep
quantity of animals. In the chart we can see, the actual quantity is more than budget quantity. The reason behind the amount
the case: the weather brings a great success in the animal's breeding program, there are new baby animals in the zoo. Another
because the zoo bought new animals this year.

Donations Variance Actual Quantity Budget Quantity Budgeted Price Variance

Quantity 1000 500 200 100,000

Donations Variance Actual Price Budget Price Actual Quanity Variance

Price 50 200 1000 150,000
 Favorable/Unfavorable
Unfavorable

Favorable/Unfavorable
Favorable

ted visitors. From the analysis we can know how the

sulted is related to the difference between the actual price
nt ticket price.

Favorable/Unfavorable
Unfavorable

Favorable/Unfavorable
Unfavorable

food. The expenditure will increase with the increase of

e changed or the mount of demand increase. For example,
nimals need more food to keep them warm. On the other
The quantity variance depends on the change of the
eason behind the amount change can be varying. As said in
nimals in the zoo. Another reason for the difference may be

Favorable/Unfavorable
Favorable

Favorable/Unfavorable
Unfavorable