Provide two examples of companies that show an adverse budget variance over a period of time (2020). For one of the companies, comment on XPeng and how their variance in budget (estimates of expenditures and revenue) correlates to why the variance occurred (ie. Xpeng did not meet deliveries necessary to meet the variance). The second company is up to you.

Make sure to comment on the type of budget variance (favorable or unfavorable) and explain your reasoning for this variance to occur.