Variance Analysis reports (chapter 8, text) can be prepared to examine the difference between budgeted and actual figures for:

1. Production in terms of cost, quantity and quality
2. Sales
3. Profit
4. Income per sales dollar
5. Growth rate

Requirements: Complete the following variance analysis report.

Variance Analysis Report	Actual	Budget	Variances
REVENUE	320,000	318,750
Direct Expense (variable)	101,000	100,000
Allocated general expenses (fixed)	78,000	80,000
Allocated service expenses:
Department 1	20,500	20,000
Department 2	65,000	62,500
Department 3	101,500	100,000
TOTAL EXPENSES
NET INCOME

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