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Overviewof20X7results(6marks) Prepare overview of the 20X7 results. Discuss any significant differences between the 20X7 budget and the actual figures (Exhibits 2 to 4). Base the
Overviewof20X7results(6marks)
Prepare overview of the 20X7 results. Discuss any significant differences between the 20X7 budget and the actual figures (Exhibits 2 to 4). Base the analysis on the revised figures from requirement 1(Picture attached for the revised calculation). Your analysis should include a discussion of the following:
- difference between actual and budgeted sales quantities for each product
- changes in unit selling price and effect on sales
- change in gross margin
- overall unit cost changes in direct ingredients
- changes in direct labour in relation to sales dollars
- A full variance analysis is not expected or required. Brief numerical summaries are encouraged to highlight changes.
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