Question: (Task 1A) MARMAX CONSULTANCY SERVICES (Task 1D) Budgeted Income Statement for period January to December 2020 100% Budgeted before start of year 2020 80% Actual

(Task 1A) MARMAX CONSULTANCY SERVICES

(Task 1D)

Budgeted Income Statement for period January to December 2020

100% Budgeted before start of year 2020

80% Actual Achieved in year 2020

Variance

F/U

Variance Percentage

% Change in the new year 2021 (from year 2020)

Estimated Budget for new calendar year 2021

INCOME

Consultancy hours (HRS)

(Task 1D): Seasonal Variation in the new calendar year 2021

Consultancy fees received ($)

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Year

100% of annual consultancy Fees

25%

20%

30%

25%

100%

EXPENSES

Seasonal Goals ($) in year 2021

Advertising

Milestones ($)

Office wages

Office supplies

Staff salaries

Staff commission

Task 1 A (c)

Vehicle expenses

Nominate at least 1 Key Performance Indicator (KPI) in this budget and provide your reason for the KPI you have nominated.

Interest expense

(Insert your answer at below:)

Legal fees

Rates

TOTAL EXPENSES

Profit before tax

Tax Payable

Net Profit after Tax

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