David Halls (Purchasing Manager) Bonus:

Material Price Variance

X 20%
David Hall's Bonus

73,163.57
0.2
$ 14,632.71

Favorable

Bill Wedfords (Production Manager) Bonus:

MQV
LEV
LRV
VOH EV
VOH SV
FOH SV
Net Variance

$ (122,772.51)
$ (466,638)
$
(76,329)
$ (181,639)
$ (327,488)
$
3,023
$ (1,171,845)

Because Bill Wilford's net variance is unfavorable, he will not receive a bonus.

Rita Smith's (Marketing Manager) Bonus:

$
$
$
$

Actual
14,446,487
(1,859,594)
(5,023,192)
7,563,701

Revenue
(Variable Selling Expenses)
(Fixed Selling Expenses)
Net Income

Actual Net Income

(Budgeted Net Income)
Net Revenues
X 10%
Rita Smith's Bonus

$
$
$
$

Budgeted
$ 13,006,000
$ (1,218,280)
$ (4,463,000)
$ 7,324,720

7,563,701
(7,324,720)
238,981
X 10%
23,898.10