What would be benefit of forecasting information in report

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Reference no: EM132511666

Question 1: Complete the table below to examine the budgeted profitability of each sales channel per unit.

	B2B	Online	Retail
Sales (£ per unit)	45	64	75
variable cost (£ per unit)	16	15	14
Direct costs (£ per unit)	18	19	20

Contribution (£ per unit)
Cost of sales (£ per unit)
Gross profit (£ per unit)

Question 2: Chain&Gear would like to incorporate the profitability analysis in Q1 above, into monthly reporting, and is considering the following enhancements to the regular management report:

(a) Describe how ‘variance analysis' could be presented in the profitability report.

(b) What would be the benefit of variance analysis in the report?

(d) What would be the benefit of forecasting information in the report?

Reference no: EM132511666

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