Create an Excel workbook with a budgeted income statement for a company. This can be a fictional company, or a company you find online that you would like to research. Imagine you are considering purchasing this company, and are analyzing the budget to actual numbers to determine if it is a good investment.

1. Column 1- Budgeted amounts
2. Column 2- Actual Amounts
3. Column 3- Variances from budget to actual
4. Column 4- Is the variance favorable or unfavorable?