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Using the chart below, what is the variance for net income? Income Statement Forecast Actual Variance Variance % Sales $12,000.00 $12,200.00 $200.00 1.7% Oper. Costs
Using the chart below, what is the variance for net income? Income Statement Forecast Actual Variance Variance % Sales $12,000.00 $12,200.00 $200.00 1.7% Oper. Costs $9,000.00 $8,700.00 -$300.00 -3.3% EBIT $3,000.00 $3,500.00 $500.00 16.7% Interest $200.00 $202.00 EBT $2,800.00 $3,298.00 $498.00 17.8% Taxes $980.00 $1,154.30 $174.30 17.8% Net Income $1,820.00 $2,143.70 Dividends $546.00 $643.11 $97.11 17.8% Addition to RE $1.274.00 $1,500.59 $226.59 17.8% Tax Rate Dividend Payout 35% 30% O 17.8% O 15.1% O $174.3 $323.7
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