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Barbie and Ken operate a business called Dollies Fine Dining Pty Ltd, a restaurant in Surry Hills. In recent months, Dollies' profit levels had declined,

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Barbie and Ken operate a business called Dollies Fine Dining Pty Ltd, a restaurant in Surry Hills. In recent months, Dollies' profit levels had declined, with July being the first month where the business had made a loss. Using your accounting knowledge and the information provided below, you are to answer the question that follows. Dollies Fine Dining Pty Ltd Profit and Loss Statement Analysis for July 20X2 1. Calculate the $ and % variances for the businesses. You must also show if the % variance is F or U. 2. Analyse the variance in Cost of Goods Sold for the month of July

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