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?

---

Definitions:

Employment Disability

A condition or situation where an individual is unable to work due to injury or illness, potentially affecting their income.

Salaries And Wages Expense

The total amount spent by a business on employee salaries and wages before deductions during a given period.

Monthly Payroll

Monthly payroll refers to the total amount of wages or salaries paid by a business to its employees on a monthly basis, including deductions and taxes.

FICA Taxes Withheld

Amounts deducted from employees' paychecks to cover their portion of Social Security and Medicare taxes as required by the Federal Insurance Contributions Act.