Assignment 1Static-Budget Variance

Revenues
Expenses
Operating profit
Profit percentage

Static-Budget
Variance
Actual Results
$
3,264,000 $ 32,100.00 F
$
2,967,610 ########## U
$
296,390 ########## U
9.08%

Static Budget
$ 3,231,900
$ 2,625,550
$ 606,350
18.76%

Assignment 2Revenue Variance

Price
Variance

Actual
Operating Statistics
No. of consultants (FTE)
Hours supplied
Hours billed
Billing Percentage
Average billing rate
Revenue
(No. of Consultants * 450 * Hours
billed / Hours available * Average
billing rate
Less:
Consultants' salaries and fringes
Operating expenses
Total expenses
Operating profit
Profit %
Average compensation of the
consultants per billed hour

113
50,850
39,000
76.70%
83.69 $

-6.31 U $

113
50,850
39,000
76.70%
90.00 $

8
3,600
3,090
0.70%
-

F
F
F
F

3,264,000 $ -246,000 U $ 3,510,000 $ 278,100 F

$
$
$
$

2,029,050
938,560
2,967,610
296,390
9.08%

52.03

$ 130,366
$
61,260
$ 191,626
$ -437,626

Spending
(Price)
Variance

Actual
No. of Consultants

U
U
U
U

22,100.00
225,000.00
126,200.00
23,400.00
11,800.00

$
$
$
$
$

7,000.00
22,092.86
-1,114.29
700.00
-2,098.48

48.68

Volume
Flexible budget Variance
113

113
$
$
$
$
$

$ 1,898,684 $ 150,434 U
$ 877,300 $
U
$ 2,775,984 $ 150,434 U
$ 734,016 $ 127,666 F
20.91%
$

Assignment 3

Advertising & promotion

Administrative & support staff
Information systems
Depreciation
Dues & subscriptions

Quantity
Flexible Budget Variance

U
U
F
U
F

$ 15,100.00
$202,907.14
$127,314.29
$ 22,700.00
$ 13,898.48

$
$ 11,657.14
$ 7,314.29
$
$
798.48

U
U
U
U
U

Education & training

Equipment leases
Insurance
Professional services
Office expense
Office supplies
Postage
Rent- real estate
Telephone
Travel & entertainment
Utilities
Total

$
$
$
$
$
$
$
$
$
$
$
$

36,200.00
23,500.00
33,600.00
39,500.00
42,100.00
86,200.00
27,300.00
117,260.00
40,000.00
57,800.00
26,600.00
938,560.00

$ -5,071.05
$
632.57
$ 1,400.00
$ 4,800.00
$ 2,765.24
$ -8,861.33
$ 1,094.48
$
$ -1,433.33
$ -2,789.52
$ 2,142.86
$ 21,260.00

F
U
U
U
U
F
U
U
F
F
U
U

$ 41,271.05
$ 22,867.43
$ 32,200.00
$ 34,700.00
$ 39,334.76
$ 95,061.33
$ 26,205.52
$117,260.00
$ 41,433.33
$ 60,589.52
$ 24,457.14
$917,300.00

$ 2,371.05
$
427.43
$
$
$ 2,784.76
$ 5,461.33
$ 1,505.52
$
$ 2,933.33
$ 4,289.52
$
457.14
$40,000.00

U
U
U
U
U
U
U
U
U
U
U
U

Assignment 4
Billing Percentage Variance
Flexible Budget
(from
Productivity
Assignment 2)
Variance
Operating Statistics
No. of consultants (FTE)
Hours supplied
Hours billed
Billing Percentage
Average billing rate
Revenue
(No. of Consultants * 450 * Hours
billed / Hours available * Average
billing rate
Less:
Consultants' salaries and fringes
Operating expenses
Total expenses
Operating profit
Profit %
Average compensation of the
consultants

Volume
variance

113
50,850
39,000
76.70%
90 $

354 F
0
-

3,510,000 $

31,860 F

$ 3,478,140 $ 246,240 F

$
$
$
$

1,898,684
877,300
2,775,984
734,016
20.91%

17,234
17,234
14,626

$ 1,881,450 $ 133,200 U
$ 877,300 $
U
$ 2,758,750 $ 133,200 U
$ 719,390 $ 113,040 F
20.68%

16,802.52

$
$
$
$

U
U
U
F

113
50,850
38,646
76.00%
90.00 $

$ 16,650.00

Assignment 5
Contract
Actual
Number of consultants (FTE)
Billed hours
Billed revenues

64
24,000
1,344,000

Solutions

Total

49
15,000
$ 1,920,000

113
39,000
$ 3,264,000

8 F
3,600 F
2,736 F
0.00%
-

Hours supplied
Consultant costs

28,800
1,036,800 $

22,050
992,250

50,850
$ 2,029,050

Budget
Number of consultants (FTE)
Billed hours
Billed revenues

56
20,160
1,088,640

49
15,750
$ 2,143,260

105
35,910
$ 3,231,900

Hours supplied
Consultant costs

25,200
756,000 $

22,050
992,250

47,250
$ 1,748,250

Total
Actual

Price
Variance

Volume
Flexible Budget Variance
113
8 F
39,000
3,090 F
$ -246,000 U $ 3,510,000 $ 278,100 F

Number of consultants (FTE)

Billed hours
Billed revenues

113
39,000
3,264,000

Hours supplied
Consultant costs
Average Billing Rate
Operating Income

$
$
$

50,850
50,850
3,600 F
2,029,050
$ 2,029,050 $ 280,800 U
83.69 $
-6 U $
90.00
1,234,950 $ -246,000 U $ 1,480,950 $
-2,700 U

Number of consultants (FTE)

Billed hours
Billed revenues

Price
Volume
Variance
Actual
Flexible Budget Variance
64
64
8 F
24,000
24,000
3,840 F
1,344,000 $
48,000 F $ 1,296,000 $ 207,360 F

Hours supplied
Consultant costs
Average Billing Rate
Operating Income

$
$
$

Contract

28,800
1,036,800
56.00 $
307,200 $

2 F
48,000 F

28,800
3,600 F
$ 1,036,800 $ 280,800 U
$
54.00
$ 259,200 $ -73,440 U

Solutions
Actual
Number of consultants (FTE)
Billed hours
Billed revenues

49
15,000
1,920,000

Price
Volume
Variance
Flexible Budget Variance
49
U
15,000
-750 U
$ -121,200 U $ 2,041,200 $ -102,060 U

Hours supplied
Consultant costs
Average Billing Rate
Operating Income

$
$
$

22,050
22,050
992,250
$ 992,250 $
128.00 $
-8 U $
136.08
927,750 $ -121,200 U $ 1,048,950 $ -102,060 U

Net Variance

Average Selling Price

$
Contract
Solutions

Mix Variance

-73,200 U
90

$ -138,240 U
$ -34,560 U
$ -172,800 U

$ 105,300 F

Budget

105
47,250
35,910
76.00%
90.00

$3,231,900
$1,748,250
$ 877,300
$2,625,550
$ 606,350
18.76%
$

48.68

Budget
% Variability
105
$15,100.00
#########
#########
$22,700.00
$13,100.00

0%
80%
80%
0%
80%

$38,900.00
$22,440.00
$32,200.00
$34,700.00
$36,550.00
$89,600.00
$24,700.00
#########
$38,500.00
$56,300.00
$24,000.00
#########

Budget

105
47,250
35,910
76.00%
90.00

$3,231,900
$1,748,250
$ 877,300
$2,625,550
$ 606,350
18.76%

$ 16,650.00

80%
25%
0%
0%
100%
80%
80%
0%
100%
100%
25%

Budget
105
35,910
$3,231,900
47,250
$1,748,250
$
90.00
$ 1,483,650

45 F
Budget
56
20,160
$1,088,640
25,200
$ 756,000
$
54.00
$ 332,640

Budget
49
15,750
$2,143,260

45 U

22,050
$ 992,250
$ 136.08
$ 1,151,010