Cotton textiles Knitted goods Artificial fitrr Woolen goods Artificial leather Total Income tax Net income Sales $42581 27 ,862 13,733 10,429 5216 $99,821 Profit S463 4068 716 (28) I -582 $6,801 $3,401 Margin % 1.1 14.6 52 30.0 6.8 Exhibit 2. Profit Budget Performance Report for the Cotton Textiles Division (1 For the Month of April (SOOO) Actual profit Budgeted profit Actual over/(under) budget Analysis of variances (2) Revenue items: Sales volume Selling prices Expense items: Material prices Material usage Direct labor V ariable overhead Advertising and sales promotion Other selling Administration Total Notes: April S(12) 42 (54) $(65) 15 2 4 (3) 10 5 (16) $(54) Year-to date S(43) 150 (193) $(240) (25) 10 10 6 45 30 (35) $(193)