CHC62015 Advanced Diploma of Community Sector Management

Course nameBSBFIM601 - Manage finances

Case Study A - Analysing financial data You have been provided financial data by your Accounting Team 2 financial periods. Use the information to answer the related questions below: 2019-2020 2020-2021 Budget Actual Variance Budget Actual Variance Income Product A $500,000 $520,000 $20,000 $550,000 $250,000 -$300,000 Product B $200,000 $180,000 -$20,000 $200,000 $50,000 -$150,000 Product C $100,000 $150,000 $50,000 $150,000 $100,000 -$50,000 Total Income $800,000 $850,000 $50,000 $900,000 $400,000 -$500,000 Expenditure Marketing $100,000 $120,000 -$20,000 $100,000 $80,000 $20,000 Wages $350,000 $350,000 SO $350,000 $250,000 $100,000 Rental $120,000 $120,000 SO $120,000 $80,000 $40,000 Total Expenses $570,000 $590,000 -$20,000 $570,000 $410,000 $160,000 Profit/(Loss) $230,000 $260,000 $30,000 $330,000 -$10,000 -$340,000