Substituting the numbers given in the problem statement into the formula, we get ...
... dollars made by ABC Lawn Co. = 20·333 +25·444 -10 = 6660 +11100 -10 = 17750
From that effort, the lawn company makes $17,750.
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Perhaps you intend that the company mowed 3 lawns and raked 4 gardens. In that case the amount of money made was ...
... 20·3 +25·4 -10 = 60 +100 -10 = 150 . . . dollars
**FINANCE** Indicate whether the variance is favorable (F) or unfavorable (U).
Budgeted Income Amount $500.00
Actual Amount $400.00
When actual income is less than the budgeted amount, the variance is ...
... (U) unfavorable.
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In most cases, it is a favorable situation to have more income than planned for. On the other hand, if you planned on spending the budgeted amount, but your income fell short, you end up in quite an unfavorable situation.