Budgeting at Procter & Gamble

• Values:

• Budgeted Sales Revenue: $1,000,000
• Actual Sales Revenue: $950,000
• Budgeted Variable Costs: $400,000
• Actual Variable Costs: $380,000
• Requirements:

0. Calculate the sales revenue variance and variable cost variance for Procter & Gamble.
1. Analyze the variances and their impact on profitability.
2. Discuss the importance of budgeting in performance evaluation and control.
3. Recommend actions to improve budget accuracy and performance at Procter & Gamble.