ACC_Project Slides by Cara Estes

ACC_Project Slides by Cara Estes -...

Info iconThis preview shows pages 1–3. 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
Background image of page 1

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

View Full DocumentRight 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
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

ACC_Project Slides by Cara Estes -...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online