Make a variance analysis for september

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Reference no: EM132662831

ABC Pty Ltd operates a no frills hairdressing salon with a single service offering: wash, cut and blow dry (WCD). The price of this service is $40. The budget for September is shown below. Actual figures for September were: sales revenue of $30,400 for 760 units; supplies $2,000, variable utilities $1,520; labour costs $16,000; and fixed overhead $9,000.

Sales (WCDs) 800

Sales Revenue $32,000

Supplies $1,600

Labour $16,000

Variable utilities $1,600

Fixed overheads $9,000

Profit/(loss) $3,800

Required:

Problem (a) a variance analysis for September. The analysis should show the original budget, a flexed budget, actuals and relevant variances.

Problem (b) To assist the Managing Director of ABC Pty Ltd in controlling the business, briefly interpret and provide possible explanations for the variances.

Reference no: EM132662831

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