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Identify the most significant favourable variance

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Question - Performance Report for Country Tours Ltd

Controllable Expenses

Budget

Actual

Advertising

$16,500

$18,700

Entertainment

$42,000

$39,500

Staff Wages

$125,100

$135,100

Travel

$15,000

$12,400

Telephone

$8,800

$8,000

Required -

1. With relevant calculations, identify the most significant favourable variance and which is the most significant unfavourable variance. Provide a possible cause for each of these variances.

2. Identify and explain 2 features of effective performance reporting.

Reference no: EM132994369

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