Exchange Corp. is a company that acts as a facilitator in tax-favored real estate swaps. Such swaps, know as 1031 exchanges, perm it participants to avoid some or all of the capital gains taxes that would otherwise be due. The bookkeeper for the company has been asked to prepare a report for the company to help its ownermanager analyze performance. The first such report appears below Exchange Corp. Analysis of Revenues and Costs For the Month Ended May 31 Planning Budget Actual Unit Unit Revenues Revenues d Costs Variances Exchanges completed 25 Revenue Expenses: 560 600 $40 search191 180 11 U fees Office expenses Equipment depreciation Rent Insurance 224 181 24 6 F 15 F 3 F S6 F 15 12 468 Total expense Net nneratina Prev2 of 2E Next search