FNSACC513 Manage Budgets And Forecasts - Assessment 5

Part B

Task 1
Prepare a performance report based on budgeted and actual results. You will need to separate some expenses into fixed and variable components. Ignore opening and closing stock. Use F or U to denote whether each variance in the reports is favourable or unfavourable.

Complete the % Variance column by dividing the Variance into the Master Budget values.

Expand the Performance report so you also have this in Flexible budget format.