ACC_Project Slides by Cara Estes - VarianceAnalysis Actual...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
2005 Income Statement Actual to Budget  Variance Analysis Actual Budget Variance % Variance Revenue Sales 5,050,000 5,220,000 (170,000) -3.26% Unfavorable Sales discounts 50,000 20,000 30,000 150.00% Unfavorable Net sales 5,000,000 5,200,000 (200,000) -3.85% Unfavorable Cost of goods sold 3,255,700 3,342,500 (86,800) -2.60% Favorable Gross Margin 1,744,300 1,857,500 (113,200) -6.09% Unfavorable Expenses Depreciation 150,000 150,000 0 0.00% Salaries 95,000 85,000 10,000 11.76% Unfavorable Office and warehouse rent 50,000 50,000 0 0.00% Bad debt expense 21,000 20,000 1,000 5.00% Unfavorable Supplies 6,000 5,000 1,000 20.00% Unfavorable Miscellaneous 3,000 3,000 0 0.00% Total Expenses 325,000 313,000 12,000 3.83% Unfavorable Net income before Taxes 1,419,300 1,544,500 (125,200) -8.11% Unfavorable
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Sales $170,000 Variance Motivation a. Intrinsic b. Extrinsic c. Bonus Training a. Invite Motivational Speakers b. Initiate a bonus or commission plan c. Special Recognition Day d. Special Presentations
Image of page 2
Cost of Goods Sold $86,800 Variance Sales $170,000 below budget Increase in direct labor Indirect Costs Machine-hours Raw Material Costs
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2005 Balance Sheet to Budget Variance  Analysis         2005         Budget 2005
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern