You are Joan the Management Accountant for Riskco. Calculate variance analysis for all the revenue and expenses for August XX. You must base your actual results on the below profit and loss report for August XX against the budgeted figures below.

Account	Budget
Risk Consultancy revenue	$13,200.00
Total revenue	$13,200.00
Expenses
Marketing expenses	$1,344.54
Office cleaning	$240.00
Wages/super guarantee/PAYG	$32,120.01
Telephone expense	$587.10
Subscriptions	$490.91
IT expenses	$6,400.00
Insurance expense	$2,700.00
Rental expense	$4,276.72
Stationery	$250.00
Staff amenities	$68.30
Total Expenses	$48,477.58
Loss before tax	-$35,277.58

Riskco Profit and loss for August XX

	$
Revenue
Risk consultancy revenue	$134,200.00
Total revenue	$134,200.00
Expenses
Marketing expenses	$13,500.00
Office cleaning	$1,200.00
Wages expense	$102,200.00
Telephone expense	$5,890.00
Subscriptions	$490.91
IT expenses	$10,400.00
Insurance expense	$3,000.00
Rental expense	$4,276.72
Stationary	$550.00
Staff amenities	$68.30
Total expenses	$141,575.93
Loss before tax	-$7,375.93

use the below template as a guide:

Account	Budget	Actual	Variance	%	Favourable/Unfavourable