Budget is used as an instrument of planning and control
Budget is used as an instrument of planning and control. Hence, analyzing
the variance to budget is essential. This week’s assignment is to analyze the sales budget variance. The attached excel worksheet has budgeted and actual sales data. It also has a template to analyze the sales budget variance. You are expected to input the data and formula in the right column. The columns highlighted in yellow need a formula. Include a narrative in a Word document to reveal your analysis (your final thoughts).
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SALES BUDGET VARIANCE REPORTBudgetActualProductSaleUnits$/UnitSaleUnits$/UnitA7504.003,0001,1003.503,850B7505.504,1251,0005.705,700C7506.004,5009006.505,850Total11,625Total15,400Price VarianceProductABCVolume VarianceProductABCMix VarianceProductDiferenceABCQuan±ty VarianceSalesValue in $SalesValue in $ActualSale UnitsBudgetPriceActualPriceSale PriceVariancePriceVarianceActualSale UnitsBudgetSale UnitsBudgetPriceSale UnitVarianceVolumeVarianceBudgetMixActualSale atBudgetMixActualSale UnitsBudgetPriceMixVariance
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ProductABCActualSale atBudgetMixBudgetSale UnitsBudgetPriceDiferencein UnitsQuanTtyVariance
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