From the data provided, what was the factors for the actual performance as compared to budgets in:

• 2019-2020

• 2020-2021

 

Case Study A - Analysing financial data You have been provided financial data by your Accounting Team 2 financial periods. Use the information to answer the related questions below: Income Product A Product B Product C Total Income Expenditure Marketing Wages Rental Total Expenses Profit/(Loss) 2019-2020 Actual Budget $500,000 $520,000 Variance Budget $20,000 $200,000 $180,000 -$20,000 $100,000 $150,000 $50,000 $800,000 $850,000 $50,000 $100,000 $120,000 $350,000 $350,000 $120,000 $120,000 $570,000 $590,000 $230,000 $260,000 -$20,000 $0 $0 2020-2021 Actual $550,000 $250,000 $200,000 $50,000 $150,000 $100,000 $900,000 $400,000 $100,000 $80,000 $350,000 $250,000 $120,000 $80,000 -$20,000 $570,000 $410,000 $30,000 $330,000 -$10,000 Variance -$300,000 -$150,000 -$50,000 -$500,000 $20,000 $100,000 $40,000 $160,000 -$340,000