Please read the scenario below, and then answer the questions that follow in a 3page analysis. The questions will guide your analysis of the situation, but they need to be presented as part of a report to the owner of the company.

Scenario:

Dancin' Donuts, established in January 2019, is a thriving new business specializing in low-carb donuts. The 2019 keto diet fad led to increased sales, and the chief financial officer (CFO) prepared a robust budget for 2020. In early March 2020, the small business had record-breaking sales but abruptly needed to shut its doors because of the global pandemic. The CFO conducted the following analysis for the month of March:

Dancin' Donuts March 2020
					Budget	Actuals	$ Var	%
	Total Revenue	200,000	196,947	-3,053	-2%
	Total Cost of Goods Sold	100,000	98,000	-2,000	-2%
	GROSS PROFIT	100,000	98,947	-1,053	-1%
	Total Expense	75,000	72,000	-3,000	-4%
		Total Interest Income	200	100	-100	-50%
		Total Other Expense	1,000	1,000	0	0%
					-800	-900	-100	13%
Earnings Before Interest, Taxes, Depreciation, & Amortization (EBITDA)	24,200	26,047	1,847	8%
		Total Interest Expense	6,400	6,385	-15	0%
		Total Depreciation & Amortization	10,000	10,000	0	0%
Earnings Before Taxes (EBT)	7,800	9,662	1,862	24%
		Total Income Taxes (30%)	2,340	2,899	559	24%
Net Income	5,460	6,764	1,304	24%

Please answer the following questions:

1. What does AVB stand for?
2. What is the total revenue for March 2020 when compared to the budget?
3. What is the variance from the budget in the net income for the month?
4. What is the income tax percentage for the month?