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Exercise 8-7A (Algo) Evaluating a decision to increase sales volume by lowering sales price LO...

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Exercise 8-7A (Algo) Evaluating a decision to increase sales volume by lowering sales price LO 83,84 Jordan Educational Services had budgeted its training service charge at $74 per hour. The company planned to provide 29.000 hours of training services during Year 3 . By lowering the service charge to $56 per hour, the company was able to increase the actual number of hours to 30,700 . Required a. Determine the sales volume variance, and indicate whether it is favorable (F) or unfavorable (U). Note: Select "None" If there is no effect (I.e., zero varlance). b. Determine the flexible budget variance, and indicate whether it is favorable (F) or unfavorable (U). Note: Select "None" If there is no effect (I.e., zero varlance). c. Did lowering the price of training services increase revenue

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