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Complete a performance report for the month of May, 2007 for the Daily Bulletin, a regional newspaper showing four columns: 1. Actual results 2. Budgeted

Complete a performance report for the month of May, 2007 for the Daily Bulletin, a regional newspaper showing four columns: 1. Actual results 2. Budgeted amount 3. Difference: actual result minus budgeted amount 4. Difference as a percentage of budged amount Use the following data: Adverting pages sold: 910 Budgeting advertising pages 900 Advertising revenue $4,368,000 Budget advertising revenue $4,410,000 Give the variances for: 1. Number of pages as a dollar and percentage. 2. Total advertising revenue as a dollar and percentage. 3. Average rate per page as a dollar and percentage. Does the report indicate any cause of managerial investigation?

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