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Given data: Total Revenue: Static Budget: $1,980,000 Flexible Budget: $2,060,000 Actual Results: $2,050,000 Total Costs: Static Budget: $1,350,000 Flexible Budget: $1,675,000 Actual Results: $1,790,000 Projected
Given data:
Total Revenue: Static Budget: $1,980,000 Flexible Budget: $2,060,000 Actual Results: $2,050,000
Total Costs: Static Budget: $1,350,000 Flexible Budget: $1,675,000 Actual Results: $1,790,000
Projected Profit: Static Budget: $630,000 Flexible Budget: $385,000 Actual Results: $260,000
a. Discuss the factors involved with the profit variance.
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