From the following table, calculate the variances and discuss each one in relation to the following questions:

Question:

i Is the variance positive or negative in terms of business performance?

ii What are the reasons why the variance may have resulted? image text in transcribed

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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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Question Posted: Mar 15, 2024 01:01 AM

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From the following table, calculate the variances and discuss each one in relation to the following questions:

Question:

Sales Less: Budgeted 420 000 Actual 467 890 Variance Production costs 98 000 128 132 Selling expenses 45 000 47 625 Administration expenses 38 000 36 237 Financial expenses 18 500 21 312 Total expenses 199 500 233 306 Net profit 220 500 234 584

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Accounting Information For Business Decisions Accounting

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