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Analyze the sales revenue and production cost variances for La Boulangerie using the following data: Budgeted Sales Revenue: 120,000 Actual Sales Revenue: 115,000 Budgeted Production
Analyze the sales revenue and production cost variances for La Boulangerie using the following data:
- Budgeted Sales Revenue: €120,000
- Actual Sales Revenue: €115,000
- Budgeted Production Cost: €80,000
- Actual Production Cost: €85,000
Calculate the sales revenue variance and production cost variance, and discuss possible reasons for the variances.
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