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Budgeted Actual Variance Revenue $ 100,000 $ 200,000 $ 100,000 COGS (20,000) (20,000) 0 GS&A (15,000) (15,000) 0 Net income $65,000 $ 195,000 $ 100,000
Budgeted Actual Variance Revenue $ 100,000 $ 200,000 $ 100,000 COGS (20,000) (20,000) 0 GS&A (15,000) (15,000) 0 Net income $65,000 $ 195,000 $ 100,000 Which line item on the income statement needs to be investigated? A. Revenue B. COGS C. GS&A D. None of the above
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