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Using amounts from professor as ACTUAL results (RED box with BLACK numbers), prepare a variance analysis between your own(students) BUDGET and my actual results. You

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Using amounts from "professor" as ACTUAL results (RED box with BLACK numbers), prepare a variance analysis between your own(students) BUDGET and my actual results. You should present three variances: (1) the $ change in profit due solely to me selling more or less units (i.e., sales revenue volume variance), (2) the \$ change in profit due solely to me selling units at a higher or lower price (i.e., sales revenue price variance), and (3) the $ change in profit due solely to me producing more or less units (most similar to direct materials production volume variance)

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