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The Controller has asked you to complete the following tasks: 1 Allocate the annual budget, on a quarterly basis, over the year, given the information

The Controller has asked you to complete the following tasks:
1 Allocate the annual budget, on a quarterly basis, over the year, given the
information below:
(a) Sales - 30% of sales occur in December. The balance of sales occur equally
over the remaining 11 months
(b) Rental income is earned equally over the year
(c) 25% of grants and donations are received in March, June, Sept and Dec
(d) User fees are earned in June and July - 25% in June and 75% in July
(e) Miscellaneous revenue is earned completely in December
(f) Salaries are paid equally over the year
(g) Wages allow the company to hire 4 summer students over the
months of May to August (an equal amount is spent each month
during that period)
(h) Benefits expense is 10.34% of monthly budgeted salaries
(i) Monthly materials expense in incurred in the same proportion as sales [see (a)]
(j) Contracted services are incurred equally in August and September
(k) Utilities, rent and insurance expenses are incurred equally in each month
(l) 50% of advertising expenses are incurred in Nov and Dec. The remaining
50% is spent equally over the balance of the year.
(m) Travel expenses are incurred 50% in May and 50% in October
(n) The years total supplies are purchased in January
NOTE: Total budget allocations must agree with the total 2020 budget provided. Any
required rounding should be done in the last quarter allocation.
2 Prepare a "Budget Variance Report" as of March 31, 2020. Provide possible

explanations for any variances in excess of $5,000 as of March 31, 2020.

Note: Can Someone answer these questions please I am posting 4th times

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