Complete a Performance Report for the Month of May 2017,for

question 6

Essay

Complete a performance report for the month of May 2017,for the Bathurst Bulletin,a regional newspaper showing four columns: 1)Actual Result;2)Budgeted Amount;3)Difference: Actual Result minus Budgeted Amount;4)Difference as a Percentage of Budgeted Amount,given the following data:
$$\begin{array} { | l | l | } \hline \text { Advertising pages sold } & 300 \\\hline \text { Budgeted advertising pages } & 910 \\\hline \text { Advertising revenue } & \$ 4368000 \\\hline \text { Budgeted advertising revenue } & \$ 4410000 \\\hline\end{array}$$
Does the report indicate any cause for managerial investigation?
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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of that good that suppliers are willing and able to provide.

Gas Prices

The cost per unit of gasoline, which fluctuates based on factors such as crude oil prices, taxes, demand, and refinery capabilities.

Equilibrium Quantity

At the market price, the supply of goods or services is equivalent to the demand.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.