Budgeting and Variance Analysis at Intel

• Values:

• Budgeted Revenue: $5,000,000
• Actual Revenue: $4,800,000
• Budgeted Expenses: $4,000,000
• Actual Expenses: $4,200,000
• Requirements:

0. Prepare a flexible budget for Intel based on actual revenue and expenses.
1. Calculate revenue and expense variances.
2. Analyze the reasons for variances and their impact on profitability.
3. Recommend corrective actions to improve budgeting and variance management.