Budgeting at Coca-Cola

Values:

• Budgeted Revenue: $25,000,000
• Actual Revenue: $23,000,000
• Budgeted Expenses: $12,000,000
• Actual Expenses: $11,500,000

Requirements:

1. Prepare a flexible budget variance report.
2. Calculate the revenue and expense variances.
3. Analyze the implications of these variances on financial performance.