Budget actual variance, Robin Wince owns small chain of

Budget actual variance

Reference no: EM13334599

Robin Wince owns small chain of frame shops. all the frames and other merchandise the company sells is purchased by the company's central merchandise the company sells is purchased by the company's central purchasing department. A partial perormance report showing the direct costs for one Robin's stores appears as follows:.

Budget Actual Variance

sales $200,000 $200,000 $ 0

cost of goods sold 120,000 110,000 10,000 F

selling and admin. exp. 40,000 50,000 10,000 U

Income $40,000 $40,000 $ 0

Required:

Robin is concerned even though the variance income is zero. Because the Total Variance is zero, the store manager believes that there is no problem. do you agree with the manager? Why?

Reference no: EM13334599

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