Variance Analysis Assignment

Variance Analysis Assignment - BLADERUNNERS GB 112 Variance...

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BLADERUNNERS GB 112 – Variance Analysis Assignment Yolanda, Greg and Evan prepared a proforma income statement. They later recorded actual transactions. These exercises were completed in Bladerunners Exercises 1 and 2. This assignment is analyzing the difference between their projected revenue and expenses (proforma) and their actual revenues and expenses for their first year of business. The difference between projected and actual is called a variance. For each line item on the income statement, write a brief description of the possible reasons for the variance for each line item. 1. Service Revenue a. Variance is_ 3000___. b. Actual was higher or lower than forecast? higher _____ c. Is it generally good or bad for the variance to be positive or negative for a revenue? Why? It is better because it means that they budgeted for less and understated revenue. d. Possible causes for this variance? Their product was maybe more in demand than they expected.
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This note was uploaded on 02/24/2010 for the course GB 112 taught by Professor Osterheld during the Spring '10 term at Bentley.

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Variance Analysis Assignment - BLADERUNNERS GB 112 Variance...

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