Question: 10:08 AM Mon May 3 37% $37% chegg.com Solution: Rate answer here. Particulars Variances Good/bad Today $ Total Sales Food -89.32 -2.11% bad Employee meal

10:08 AM Mon May 3 37% $37% chegg.com Solution:

10:08 AM Mon May 3 37% $37% chegg.com Solution: Rate answer here. Particulars Variances Good/bad Today $ Total Sales Food -89.32 -2.11% bad Employee meal 0 2.11% good Total food -89.32 -0.63% bad Bevarage 63.00% good Total Sales -99.32 0.00% bad Cost of Sales Meat 0 0.00% Fish 0 0.00% Poultry 0 0.00% Dairy 0 0.00% Produce 3.37 0.61% tad Grocery -2.03 0.2996 good Sundries 4.5 0.00% good Total cost of sales 3.16 16195 good Gross Profit 2616 1,60% bad Controllable Expenses Fixed payroll 0 0.66% Variable payroll -31.262 0.00% bad Overtime Charges -63.92 -8.00% bud Consulting -23.97 -3.00% bad Advertising -2.ca 0.00% bad Utilities -3.573 0.009 bad Admin & general -4466 0.00% bad Repair & maint -3.573 0.00% bad Total Controllables - 133.444 -10.34% bad Total before occp Cost 47.283 8.73% good Occupational cost Interest 0 15.00% good Rent 0 55.00% good Property Insurance 13.00% good Total occp. Cost 0 83.00% good Profit before taxes 47.283 7.90% good Variance is a statistical term that measures the spread between numbers in a set of data. Knowing variance is a critical step in catching poor habits in their early stages, and lending urgency to missed targets or flaw's in your corporate planning by putting a round number on the deviations The above table shows that averall sales revenue and gross profit has decreased from the budget but the net profit has showed a positive figure because of some lower costs than the budgeted. Measures should be taken to increase sales as well as reduce costs further to achieve maximum profitability Comment > Based on your variance analysis, create an explanation for the changes to overall performance of the operation. Include any causes and impact of the numbers presented in your explanation. NOTE: Please use real world reasons as to these changes. 6

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