Question
Gamma Services Month Budgeted Revenue Actual Revenue Budgeted Costs Actual Costs January $500,000 $480,000 $300,000 $310,000 February $600,000 $620,000 $350,000 $340,000 March $700,000 $680,000 $400,000
Gamma Services
Month | Budgeted Revenue | Actual Revenue | Budgeted Costs | Actual Costs |
January | $500,000 | $480,000 | $300,000 | $310,000 |
February | $600,000 | $620,000 | $350,000 | $340,000 |
March | $700,000 | $680,000 | $400,000 | $390,000 |
Requirement: Calculate the variances for revenue and costs for each month and analyze the reasons for these variances. Discuss the implications for future budgeting.
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
