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  • Case Study 02: Comment On The Performance of The Organization. Advice On Future Actions

    Încărcat de

    Gimhan Godawatte
    14 vizualizări1 pagină
    The company's actual sales units and sales revenue were higher than budgeted, but costs were also higher resulting in an unfavorable variance in operating income of $3,360. While net income was above budget, expenses need to be controlled as costs grew faster than revenues, narrowing the profit margin. Going forward, the company should focus on managing expenses more closely while continuing to drive sales.

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    Case Study 02

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    Case Study 02

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    The company's actual sales units and sales revenue were higher than budgeted, but costs were also higher resulting in an unfavorable variance in operating income of $3,360. While net income was above budget, expenses need to be controlled as costs grew faster than revenues, narrowing the profit margin. Going forward, the company should focus on managing expenses more closely while continuing to drive sales.

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    © All Rights Reserved
    Descărcați ca DOC, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    14 vizualizări1 pagină

    Case Study 02: Comment On The Performance of The Organization. Advice On Future Actions

    Încărcat de

    Gimhan Godawatte
    The company's actual sales units and sales revenue were higher than budgeted, but costs were also higher resulting in an unfavorable variance in operating income of $3,360. While net income was above budget, expenses need to be controlled as costs grew faster than revenues, narrowing the profit margin. Going forward, the company should focus on managing expenses more closely while continuing to drive sales.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca DOC, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 1

    Case Study 02

    Sales Units

    Budget
    17,000

    Actual
    17,500

    Variance Favorable/
    (Unfavorable)
    0

    Sales

    $251,600

    $262,500

    ($3,500)

    Cost of Goods Sold

    191,250

    196,875

    Gross Profit

    60,350

    65,625

    -3,500

    Selling Expenses

    23,907

    24,750

    140

    General and
    Administrative
    Expenses
    Operating Income

    19,671

    20,250

    16,772

    20,625

    -3,360

    Interest Expense

    Income before
    Income Taxes
    Income Taxes

    16,772

    20,625

    -3,360

    8,250

    1,344

    Net Income

    $10,063

    $12,375

    ($2,016)

    6,709

    Comment on the performance of the organization. Advice on future actions.

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