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Can someone help me with this. Please Write a business memo that discusses a different variance (favorable or unfavorable) in each of the four quarters
Can someone help me with this. Please
Write a business memo that discusses a different variance (favorable or unfavorable) in each of the four quarters analyzed. Be creative and provide a detailed explanation of what could have caused the variance. You can make suggestions on what to do in the future to either repeat it or reduce it. Thunderduck Construction Income statement Quarterly Variance Analysis - Year 2 Q1 Actual Q1 Budget Variance For U 42000 42455 455 (U) 32500 30140 2360 (F) 74500 72595 1905 (F) 48425 44283 41420) 26075 28312 2237 (U) Q2 Actual Q2 Budget Variance For U 56000 48823 7177 (F) 39500 34661 4839 (6) 95500 83484 12016 (F) 56345 49256 7089 (U) 39155 34228 4927 (F) New Construction Revenue Remodel Revenue Total Revenue Less; Cost of Goods Sold Gross Profit Less:Selling and admin Expenses Salaries expense Marketing expense Legal expense Business development expense Depreciation expense Office Supplies expense Miscellaneous expense Total Selling and admin.expenses Net Operating Income 5400 2250 3800 3600 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 4800 1500 4000 3800 750 800 2000 17650 8425 4710 1568 3630 3100 675 838 1771 16292 12020 90 (U) 68 (F) 370 (U) 700 (U) 75 (U) 38 (F) 229 (U 1358 (0) 3595 (0) 750 4710 2250 3630 3100 675 1048 1970 17383 16845 690 (U) 0 170 (0) 500 (U) 75 (0) 452 (U) 380) 2267 (U) 2660 1500 2350 19650 19505 Q3 Actual 55000 36500 91500 60390 31110 Q3 Budget Varlance For U 48823 6177 (F) 34661 1839) 83484 8016 (F) 50925 9465'(U) 32559 1449 (0) Q4 Actual 04 Budget Variance For U 41200 42455 1255 (0) 28700 30140 1440 (0) 69900 72595 2695 (0) 41940 42831 891 27960 29764 1804 (U) New Construction Revenue Remodel Revenue Total Revenue Less: Cost of Goods Sold Gross Profit Less Selling and admin Expenses Salaries expense Marketing expense Legal expense Business development expense Depreciation expense Office Supplies expense Miscellaneous expense Total Selling and admin.expenses Net Operating Income 5725 2950 3540 4500 920 1006 2500 21141 9969 4760 2646 3630 4000 825 1048 2037 18946 13613 965 (U) 304 (U) 90 (F) 500 (U) 95 (U) 42 (F) 463U 2195 (U) 3644 (0) 6200 1460 3630 3900 920 970 1850 18930 9030 5450 1624 3630 4000 825 838 1713 750 (U) 164 (F) 0 100) 95 (U) 132 (0) 137 (U 850 (0) 2654 (U) 1800 11684 77 7R Step by Step Solution
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