Budget is used as an instrument of planning and control. Hence, analyzing the variance to budget is essential. This week?s assignment is to analyze the sales budget variance. The attached excel worksheet has budgeted and actual sales data. It also has a template to analyze the sales budget variance. You are expected to input the data and formula in the right column. The columns highlighted in yellow need a formula. Include a narrative in a Word document to reveal your analysis (your final thoughts).

SALES BUDGET VARIANCE REPORT Budget Product A B C Actual Sales $/Unit Value in $ 4.00 3,000 5.50 4,125 6.00 4,500 Total 11,625 SaleUnits 1,100 1,000 900 Budget Price Actual Price Sale Price Variance Price Variance Actual Budget Sale Units Sale Units Budget Price Sale Unit Variance Volume Variance Actual Sale at Budget Actual Mix Sale Units Difference SaleUnits 750 750 750 Sales $/Unit Value in $ 3.50 3,850 5.70 5,700 6.50 5,850 Total 15,400 Price Variance Product A B C Actual Sale Units Volume Variance Product A B C Mix Variance Product A B C Budget Mix Quantity Variance Budget Mix Price Variance Product A B C Actual Sale at Budget Budget Mix Sale Units Budget Price Difference Quantity in Units Variance