Group activityan example of a budget can be seen below, Ask an Expert

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Group Activity

An example of a budget can be seen below. After viewing the budget, identify the possible reasons for the variations.

Budget - Jul / Dec 200X

Item Description	Jul	Aug	Sep	Oct	Nov	Dec	Total
Revenue
Sales Commission	22,000	26,000	50,000	55,000	45,000	35,000	233,000
Property Management	8,000	9,000	9,000	9,000	10,000	10,000	55,000
Total Revenue	30,000	35,000	59,000	64,000	55,000	45,000	288,000

Expenses
Rent	4,500	4,500	4,500	4,500	4,500	4,500	27,000
Utilities	800	800	800	800	800	800	4,800
Salaries	22,000	22,000	22,000	22,000	22,000	22,000	132,000
Printing	300	300	300	300	300	300	1,800
Advertising	1,000	1,000	1,500	2,000	1,500	1,500	8,500
Professional Fees	4,000	0	0	1,000	0	0	5,000
Interest on Borrowings	1,000	1,000	1,000	1,000	1,000	1,000	6,000
Total Expenses	34,100	30,100	30,600	32,100	30,600	32,100	185,100

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9509751

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