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
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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
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