Complete a Performance Report for the Month of May,2014,for Times

question 189

Essay

Complete a performance report for the month of May,2014,for Times Corp,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:
$$\begin{array} { | l | l | } \hline \text { Actual pages sold } & 550 \\\hline \text { Budgeted advertising pages } & 500 \\\hline \text { Actual Advertising revenue } & \$ 4,200,000 \\\hline \text { Budgeted Advertising revenue } & \$ 4,000,000 \\\hline\end{array}$$ Does the report indicate any cause for managerial investigation?

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Definitions:

Employer

An individual or organization that hires and pays people to work for them under an expressed or implied contract of employment.

Employee

An individual who provides services to an employer under an expressed or implied contract of hire, for which the employer pays wages or salary.

Fair Labor Standards Act of 1938

United States federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

Child Labor

The employment of children in an industry or business, especially when illegal or considered exploitative.