Question: At the start of 2012 the New Orleans Fine Food

At the start of 2012, the New Orleans Fine Food Company budgeted before-tax income as follows:

Actual before tax income for 2012 was:

Florence Roden, the owner of the company, is pleased that sales were much higher than planned, but she also is concerned that expenses were $85,000 higher than the amounts she budgeted. Should she be concerned with the level of actual expenses? Prepare a performance report that will help her focus on areas needingattention.
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  • CreatedSeptember 23, 2013
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