seeking assistance with the formula on the financial variances.

Name: Assignment: A good budget is built with thoughtful consideration of future costs and revenue. Though your budget is formulated w figures in mind, the actual resulting values may vary considerably. This variance-from projected to actual-can be a pl or a fiscal nightmare and can make financial decision making difficult. Fortunately, variance analysis can enable mana determine why variance occurred and what can be done to mitigate its effects. Using the following performance data, calculate the volume adjusted labor rate variance and volume adjusted efficien Variable Expense Factor is 40% and your Volume Change Factor is 50% Salaries Payroll Hours Service Volume Actual 345,000 11,000 75,000 Budget 413,000 9,500 150,000 Actual Budget Salaries Payroll Hours Service Volume 345,000 11,000 75,000 Actual Volume Budget Volume Variable Expense Factor Volume Change Factor Volume Adjustment Factor 75,000 150,000 40% -50% -20% Description Salaries Volume Adjustment Volume Adjusted Salaries Actual 413,000 9,500 150,000 Budget 345,000 Variance (Unfavorable) 413,000 68,000 Paid Hours Volume Adjustment Volume Adjusted Hours Labor Rate Labor Rate Variance Efficiency Variance Total Variance $0.00 $0.00 $0 For this Assignment, run a variance analysis. Based on the information you obtain,assess the results of the analysis, causes of the budget variances and an explanation for addressing the situation. Answer: Answer: venue. Though your budget is formulated with expected riance-from projected to actual-can be a pleasant surprise tunately, variance analysis can enable management to ects. rate variance and volume adjusted efficiency variance. Your . ou obtain,assess the results of the analysis, suggest potential ation