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Conduct a budget variance analysis for Apple Inc. for the year 2023: Actual Revenue: $100,000,000 Budgeted Revenue: $120,000,000 Actual Expenses: $80,000,000 Budgeted Expenses: $70,000,000 Calculate

Conduct a budget variance analysis for Apple Inc. for the year 2023:

  • Actual Revenue: $100,000,000
  • Budgeted Revenue: $120,000,000
  • Actual Expenses: $80,000,000
  • Budgeted Expenses: $70,000,000

Calculate the revenue and expense variances and interpret the results.

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