\" Charles Pierce Hol Eturke According to company strategic plans, the company aims to achieve a net . $1,DUG,DDCI. The chief risks to this goal are: - poor sales due to economic downtum j increases in expenses such as wage expenses. In addition to Australian operations, the company is considering manufacturi advantage of reduced costs. The company is also considering diversifying its proi exposure to poor sales of one product. Role You are the Senior Accountant at Big Red Bicycle. A major component of your r- and monitoring budgetaryr performance for the organisation. Task A The Managing Director, Tom Copeland has asked you to implement a process to and income. He has asked you to prepare a spreadsheet to capture and compar expenditure to budgeted gures. Your spreadsheet must contain columns for eac of the nancial year. Tou are required to gather data from the relevant manager complete a budget variation report. The report should conform to organisational requirements in policies and contain: . columns to shovvI actual account values I absolute variation ' percentage variation