ACC_Project Slides by Cara Estes

ACC_Project Slides by Cara Estes - VarianceAnalysis Actual...

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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
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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
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This note was uploaded on 11/05/2011 for the course ACCOUNTING 101 taught by Professor Online during the Spring '11 term at Colorado Technical University.

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ACC_Project Slides by Cara Estes - VarianceAnalysis Actual...

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