squido2gzingmom squido2gzingmom

12-01-2017
Business

Answered

Maria's initial project budget was increased from $16,000 to $18,000. What was the variance from the initial budget?

A-12.50%
B88%
C11%
D12.50%

Verified Answer :

Sophlope Sophlope

12-01-2017

the correct answer to the question is d 12.50

Answer Link

omotayoadekoya1 omotayoadekoya1

17-01-2020

Answer:

D. 12.50%

Explanation:

Initial budgeted amount = $16,000

Final budgeted amount = $18,000

Change in amount budgeted = $18,000 - $16,000 = $2,000

Variance from initial budget is the ratio of the change in the budgeted amount to the initial amount budgeted expressed as a percentage.

Therefore,

Variance = (2000/16000) × 100%

= 12.5%

Option D. 12.50% is right.

Answer Link

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