It is July $2022,$ and all the figures relating to budgets and actual trading performance have been assembled:

Sales were $10\%$ above projection.

Cost of Goods Sold came in $6\%$ over expectation.

Payroll was under estimation by $5\%.$

Other controllable costs increased by $3\%.$

We need to :

$1.$make a financial report that

Demonstrate evidence of having analysed and reviewed the budget outcomes

Quantify the variances against projections in dollar terms.

Indicate the significance of each variation in relation to the overall budget situation.

Show evidence of having used an accounting software package

Describe investigations

$3.$Described actions in response.

Recommend future settings

Address data collection

Address information storage