Write an introductory paragraph explaining the purpose of the report (assume the role of a Manager) • Identify the main variations, favourable and/or unfavourable • Provide an explanation why they may have occurred • Recommend actions to minimize the risk of future unfavourable variances whilst also noting how to maintain favourable variances in future budget planning • Conclude with a summary of the report.

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As the manager overseeing our financial performance I present this report with the objective of com... View the full answer