# NEED HELP PLEASE

The websites are confusing! Can someone please explain what a revenue variance is? I want to do my homework for a spreadsheet I downloaded.

I just need the definition, please.

1. 👍 0
2. 👎 0
3. 👁 65
1. The meaning of variance, and the method of computing it, is described here:
http://davidmlane.com/hyperstat/A16252.html

Apply that method to a set of revenue numbers that you should have been provided in the spreadsheet.

1. 👍 0
2. 👎 0
posted by drwls
2. Thank you!

1. 👍 0
2. 👎 0

## Similar Questions

1. ### Accounting

How does one determine variance analysis? I am trying to understand this and my text book is confusing me. Also, to determine this, would one find the the answers in the balance sheet or cash flow statement, or from the revenue

asked by Barbie on April 30, 2010
2. ### Health Finance

Question Details Consider the following 2007 data for Newark General Hospital (in millions of dollars): Static Flexible Actual Budget Budget Results Revenues \$4.7 \$4.8 \$4.5 Costs 4.1 4.1 4.2 Pro?ts 0.6 0.7 0.3 a. Calculate and

asked by molamidi on January 26, 2012
3. ### History

What exactly happened in the Halifax Explosion? all the websites are confusing me so can someone explain it to me in their own words? i know the Mont blanc and imo collided but what happened to ship specifically and how did it

asked by Tory lanez on April 10, 2016
4. ### accounting

please explain how a large variance from budget would you consider important to address on a monthly hospital variance report:5% 10% 25%

asked by Anonymous on May 19, 2010
5. ### high school economics - elasticity

What can you conclude about elasticity of demand for rail service: Rail service has always been a losing proposition in Canada. Regardless of how much we raise our prices, we will never earn enough revenue to earn a profit. This

asked by amy on March 25, 2010
6. ### Accounting

Is the variance positive or negative? Which is desirable, a positive or negative variance? Why? What do you think are some of the possible causes for this variance? How would you adjust Arcadia Hospital’s 2006 budget in light of

asked by John on July 31, 2009
7. ### Accounting

Is the variance positive or negative? Which is desirable, a positive or negative variance? Why? What do you think are some of the possible causes for this variance? How would you adjust Arcadia Hospital’s 2006 budget in light of

asked by John on July 31, 2009
8. ### Statistics

Which of these statements is not true about the variance in a binomial distribution B(n, p)? __________ A. For a fixed p, the variance increases as n increases. B. For a fixed n, the variance is maximum when p = 0.5. C. The

asked by Anonymous on March 24, 2012
9. ### FINANCE

Determine the revenue variance from Arcadia Hospital’s 2005 budget

asked by DENISE on September 18, 2009
10. ### A

When actual cost is more than planned __________________. (Points : 1) A a favorable variance is produced B an unfavorable variance is produced C no variance is produced D there is no way to calculate which way the variance will

asked by madam on November 19, 2016

More Similar Questions