Based on the budget illustrated below, what is the monthly budget variance percent for supplies?
Based on the budget illustrated below, what is the monthly budget variance percent for supplies?
The monthly budget variance percent is calculated using the formula: ((Actual - Budget) / Budget) x 100. Applying this formula, the variance for supplies is ((675 - 495) / 495) x 100, which equals 36%. Therefore, the monthly budget variance percent for supplies is 36%.
675-495=180 180x100=18000/495=36% variance=subtraction Answer 36 %