Sales 44,000 units at €55 per table
Variable cost €35 per unit
Fixed costs €660,000
Sales 46,000 units at €57 each
Variable costs €33 per unit
Fixed cost €627,000
Net Profit €477,000
Prepare a Budgetary Control Statement, in a marginal costing format, showing the original fixed budget, the flexible budget, the actual results, and the variances.
Calculate the following sub-variances
Interpretation of Financial Statement/Performance Appraisal
The following are the summarized financial statement of the Kimberly Hotel Group for the years ended 31 December 2018 and 2019.