Question
Mu Services Service Budgeted Revenue Actual Revenue Budgeted Costs Actual Costs Consulting $500,000 $480,000 $250,000 $260,000 Training $400,000 $420,000 $200,000 $190,000 Support $300,000 $320,000 $150,000
Mu Services
Service | Budgeted Revenue | Actual Revenue | Budgeted Costs | Actual Costs |
Consulting | $500,000 | $480,000 | $250,000 | $260,000 |
Training | $400,000 | $420,000 | $200,000 | $190,000 |
Support | $300,000 | $320,000 | $150,000 | $160,000 |
Requirement: Calculate the revenue and cost variances for each service and analyze the reasons for these variances. Discuss the implications for future service planning and budgeting.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
