Bigcheque Ltd has created a new computer game called Ivanblast. It knows it will only have a five-week period from launch in order to market this successfully before pirating will reduce its sales to virtually zero. The budget for this period is

(Note that, like many firms with highly automated production facilities, Bigcheque Ltd considers its production labour to be all fixed in nature. So, all labour costs are included in the fixed overheads.) The actual results for the five-week period are shown below (no stocks of raw materials or finished computer games were left over at the end of the period).

Tasks:1.  Prepare a variance analysis for the period in as much detail as the figures allow.2.  Produce a statement reconciling the budgeted profit with the actual profit.3.  Comment on your findings.