Question
Budgeting at Pfizer Values: Item Budgeted Amount Actual Amount Sales $120,000,000 $115,000,000 Variable Costs $60,000,000 $60,000,000 Fixed Costs $40,000,000 $40,000,000 Requirements: Prepare a budget variance
Budgeting at Pfizer
Values:
Item | Budgeted Amount | Actual Amount |
Sales | $120,000,000 | $115,000,000 |
Variable Costs | $60,000,000 | $60,000,000 |
Fixed Costs | $40,000,000 | $40,000,000 |
Requirements:
- Prepare a budget variance report.
- Calculate the sales volume variance.
- Analyze the potential reasons for the variance.
- Discuss corrective actions.
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
