Revenue Cost Profit Budget 168,000 120,000 40% Actuals 157,000 125,500 25% Variance -11,000 5,500 -15% do analysis with this table, and give an advice to make business better

50.1K

Verified Solution

Question

Finance

Revenue
Cost
Profit
Budget
168,000
120,000
40%
Actuals
157,000
125,500
25%
Variance
-11,000
5,500
-15%
do analysis with this table, and give an advice to make businessbetter

Answer & Explanation Solved by verified expert

3.9 Ratings (687 Votes)

1 Revenue is 65 down that the budget This may be due to decrease in the price of the product or decrease in the quantity sold or both Sometime price of the product may be increased but still there may be decrease in revenue because of decrease in quantity sold and vice versa Given one example Case A Decrease in Price Price Volume Revenue Budget 10000 1680 168000 Actual 9345 1680 156996 Case B Decrease in Quantity Sold Price Volume Revenue Budget 10000 1680 168000 Actual 10000 1577 157700 Case C Decrease in Price as well in Quantity Sold Price Volume Revenue Budget 10000 1680 168000 See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

	Revenue	Cost	Profit
Budget	168,000	120,000	40%
Actuals	157,000	125,500	25%
Variance	-11,000	5,500	-15%