If you were asked to create a proof in the MYOB Extract model (Exercise 10 of Wo
ID: 3597168 • Letter: I
Question
If you were asked to create a proof in the MYOB Extract model (Exercise 10 of Workbook). What would be the BEST proof.
A. Compare the Contribution Variance with (Budget Contribution - Actual Contribution), assuming the Contribution Variance was calculated as (Revenue Variance - Expenses Variance)
B. Compare the Contribution Variance with (Actual Contribution - Budget Contribution), assuming the Contribution Variance was calculated as (Actual Contribution - Budget Contribution)
C. Compare the Contribution Variance with (Budget Contribution - Actual Contribution), assuming the Contribution Variance was calculated as (Budget Contribution - Actual Contribution)
D. Compare the Contribution Variance with (Actual Contribution - Budget Contribution), assuming the Contribution Variance was calculated as (Revenue Variance - Expenses Variance)
Explanation / Answer
First of all calculate Contribution Variance.
Compare the Contribution Variance with (Budget Contribution - Actual Contribution), assuming the Contribution Variance was calculated as (Revenue Variance - Expenses Variance)
Option A correct
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