Static Budget Flexible Budget Actual Results

Total Revenue $$4,700,000$ $$4,800,000$ $$4,500,000$

Total Costs $4,100,0004,100,0004,200,000$

Projected Profit $600,000700,000300,000$

Profit variance

Revenue variance

Cost variance

Revenue variances:

Volume variance

Price variance

Cost variances:

Volume variance

Management variance

What was the biggest factor in the revenue variance?

What was the biggest factor in the cost variance?