Company A: Starbucks Corporation

• Budgeted Revenues: $25 billion
• Budgeted Expenses: $22 billion
• Variance: $3 billion

Company B: Tesla, Inc.

• Budgeted Capital Expenditures: $10 billion
• Actual Capital Expenditures: $12 billion
• Variance: $2 billion

Company C: Procter & Gamble Co.

• Budgeted Research and Development Expenses: $3 billion
• Actual Research and Development Expenses: $3.5 billion
• Variance: $0.5 billion

Requirements:

• Calculate the budget variance for each company.
• Interpret the variance results.
• Discuss potential implications for future financial performance.