Question
Sigma Services Service Budgeted Revenue Actual Revenue Budgeted Costs Actual Costs Consulting $600,000 $580,000 $300,000 $310,000 Training $500,000 $520,000 $250,000 $240,000 Support $400,000 $420,000 $200,000
Sigma Services
Service | Budgeted Revenue | Actual Revenue | Budgeted Costs | Actual Costs |
Consulting | $600,000 | $580,000 | $300,000 | $310,000 |
Training | $500,000 | $520,000 | $250,000 | $240,000 |
Support | $400,000 | $420,000 | $200,000 | $190,000 |
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
