Question: Must show all work and procuedures! c 1 2 3 4 5 6 7 8 9 10 11 12 13 a. b. 14 15 c.

Must show all work and procuedures!

c 1 2 3 4 5 6 7 8 9 10 11 12 13 a. b. 14 15 c. 16 17 d. 18 19 e. 20 21 f. 22 23 g. 24 25 h. 26 27 28 29 30 31 i 32 33 34 35 36 37 38 CHAPTER 8: FINANCIAL PLANNING & BUDGETING Homework Problem 3.5 Calculate each of the following based upon the data below: Total Revenue Total Costs Projected Profit Profit variance Revenue variance Cost variance Revenue variances: Volume variance Price variance Cost variances: Volume variance Management variance Static Budget 630,000 Flexible Budget 385,000 Actual Results 260,000 Discuss the factors involved with the profit variance. Explain the factors contributing to the volume variance. Explain the factors contributing to the cost variance.

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