ABC LTD. Performance Report for the year ended 30.06.07 Details Sales (no. of bags) Chickfeed Cattlefeed Total Sales Revenue Chickfeed Cattlefeed GA GA ASSA Price & Cost Unit Cost Actual Figures Variance Flexible Budget Volume Variance Fixed Master Budget 55,000 0 55,000 5,000 50,000 20,000 0 20,000 (5,000) 25,000 75,000 0 75,000 0 75,000 $ 75,000 $ 44 $ 2,645,500 $225,500 $ 47 $ 1,140,000 $200,000 $ 3,785,500 $425,500 SA SASA $ 2,420,000 $220,000 $ 2,200,000 $ 940,000 -$235,000 $ 3,360,000 -$15,000 SASA. $ 1,175,000 $ 3,375,000 Total Revenue Less Variable costs Manufacturing Chickfeed Cattlefeed Selling & Admin. Total Variable Costs CONTRIBUTION $ EA EA EA $ $ 344 30 $ 1,982,000 -$332,000 $ 40 $ 840,000 -$40,000 $ 351,000 -$51,000 $ 3,173,000 -$423,000 $ 612,500 SASASA SA EA 1,650,000 -$150,000 $ 800,000 $200,000 $ 300,000 $0 $ 2,750,000 $50,000 $ 610,000 AAAAAAA $ 1,500,000 $ 1,000,000 $ 300,000 $ 2,800,000 $ 575,000 less Fixed Costs Manufacturing $ 220,000 -$20,000 Selling & Admin. $ 125,000 -$5,000 EA EA $ 200,000 $0 $ 120,000 $0 Research & Development $ 180,000 $5,000 $ 185,000 $0 Total Fixed costs $ 525,000 -$20,000 $ 505,000 $0 NET INCOME $ 87,500 -$17,500 $ 105,000 $35,000 SAAAAASAA $ 200,000 $ 120,000 $ 185,000 $ 505,000 $ 70,000 $17,500 Over Applied Prepare a written report ensuring you identify any issues that have the potential to impact on organisation financial reporting and to develop options to resolve these issues when they arise. Note to tutors: I am not expecting you to write a report. Just give me some findings and hints in the budget table above.