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<Company Name>

Plan vs. Actual Variance Report for Manufacturing


<Year>
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Line Item

January

February

March

Q1

April

May

June

Q2

July

August

September

Q3

October

November

December

Q4

Annual

145,000
165,000

395,000
400,000

1,160,000
1,171,000

(10,000) $
(7.69)

20,000
13.79

5,000
1.27

11,000
0.95

65,000
63,000
2,000
3.08

170,000
163,000
7,000
4.12

695,000
652,000
43,000
6.19

24,500
22,500
2,000
8.16

Profit-and-Loss
Revenue
Plan
Actual
Variance (dollars)
Variance (percent)
Cost of Goods Sold
Plan
Actual
Variance (dollars)
Variance (percent)
Sales and Marketing Costs
Plan
Actual
Variance (dollars)
Variance (percent)
Labor Costs
Plan
Actual
Variance (dollars)
Variance (percent)
Sales, General, and Administrative Costs
Plan
Actual
Variance (dollars)
Variance (percent)
Operating Income
Plan
Actual
Variance (dollars)
Variance (percent)

65,000
60,000

75,000
70,000

85,000
88,000

(5,000)
(7.69)

(5,000) $
(6.67)

3,000
3.53

50,000
45,000
5,000
10.00

55,000
55,000
0.00

65,000
63,000
2,000
3.08

$
$

$
$

$
$

$
$

$
$

8,000 $
10,000
(2,000) $
(25.00)

3,000 $
4,000
(1,000) $
(33.33)

4,000
3,000
1,000
25.00

35,000 $
40,000
(5,000) $
(14.29)

40,000 $
41,000
(1,000) $
(2.50)

40,000
42,000
(2,000)
(5.00)

10,000
9,000
1,000
10.00

10,000
10,000
0.00

11,000 $
12,000
(1,000) $
(9.09)

$
$

$
$

5,000 $
(5,000)
(10,000) $
(200.00)

5,000 $
(3,000)
(8,000) $
(160.00)

45,000 $
43,000
(2,000) $
(4.44)

45,000 $
42,000
(3,000) $
(6.67)

40,000
41,000
1,000
2.50

100,000 $
95,000
(5,000) $
(5.00)

105,000 $
100,000
(5,000) $
(4.76)

110,000
105,000
(5,000)
(4.55)

$
$

$
$

5,000 $
2,000
(3,000) $
(60.00)

225,000
218,000

75,000
95,000

80,000
65,000

90,000
88,000

245,000
248,000

90,000
95,000

100,000
110,000

(7,000) $
(3.11)

20,000
26.67

(15,000)
(18.75)

(2,000) $
(2.22)

3,000
1.22

5,000
5.56

10,000
10.00

55,000
45,000
10,000
18.18

60,000
55,000
5,000
8.33

70,000
63,000
7,000
10.00

185,000
163,000
22,000
11.89

50,000
45,000
5,000
10.00

55,000
55,000
0.00

170,000
163,000
7,000
4.12

$
$

15,000 $
17,000
(2,000) $
(13.33)
115,000 $
123,000
(8,000) $
(6.96)

6,000
5,000
1,000
16.67

$
$

7,000
6,500
500
7.14

$
$

8,000
7,500
500
6.25

$
$

$
$

40,000 $
42,000
(2,000) $
(5.00)

40,000 $
43,000
(3,000) $
(7.50)

45,000
45,000
0.00

11,000 $
15,000
(4,000) $
(36.36)

12,000 $
13,000
(1,000) $
(8.33)

15,000
14,000
1,000
6.67

15,000 $
(6,000)
(21,000) $
(140.00)

10,000 $
(10,000) $
(100.00)

10,000 $
5,000
(5,000) $
(50.00)

10,000
12,000
2,000
20.00

43,333 $
42,000
(1,333) $
(3.08)

40,000 $
38,000
(2,000) $
(5.00)

42,000 $
40,000
(2,000) $
(4.76)

45,000 $
41,000
(4,000) $
(8.89)

105,000 $
100,000
(5,000) $
(4.76)

115,000 $
105,000
(10,000) $
(8.70)

120,000 $
112,000
(8,000) $
(6.67)

125,000
118,000
(7,000)
(5.60)

55,000 $
51,000
(4,000) $
(7.27)

55,000 $
53,000
(2,000) $
(3.64)

54,000
54,000
0.00

31,000
31,000
0.00

$
$

$
$

21,000
19,000
2,000
9.52

$
$

7,500 $
8,000
(500) $
(6.67)

125,000 $
130,000
(5,000) $
(4.00)

45,000
45,000
0.00

38,000 $
42,000
(4,000) $
(10.53)

14,000
13,500
500
3.57

$
$

$
$

8,500
8,000
500
5.88

295,000
305,000

(5,000) $
(4.76)

10,000
3.39

(5,000) $
(4.17)

65,000
63,000
2,000
3.08

170,000
163,000
7,000
4.12

50,000
45,000
5,000
10.00

$
$

105,000
100,000

9,000
8,500
500
5.56

$
$

$
$

45,000 $
47,000
(2,000) $
(4.44)

50,000
49,000
1,000
2.00

15,000
14,500
500
3.33

16,000
15,500
500
3.13

15,000
18,000
3,000
20.00

$
$

30,000 $
17,000
(13,000) $
(43.33)

15,000 $
12,000
(3,000) $
(20.00)

15,000
16,000
1,000
6.67

42,333 $
39,667
(2,667) $
(6.30)

48,000 $
45,000
(3,000) $
(6.25)

52,000 $
48,000
(4,000) $
(7.69)

120,000 $
111,667
(8,333) $
(6.94)

125,000 $
122,000
(3,000) $
(2.40)

$
$

25,000
24,500
500
2.00

$
$

140,000 $
141,000
(1,000) $
(0.71)
45,000
43,500
1,500
3.33
45,000
46,000
1,000
2.22

$
$

$
$

120,000
115,000

$
$

130,000
120,000

55,000
55,000
0.00

8,000 $
9,000
(1,000) $
(12.50)

10,000
9,000
1,000
10.00

50,000
50,000
0.00

55,000
55,000
0.00

15,000
14,000
1,000
6.67
2,000
21,000
19,000
950.00

$
$

$
$

$
$

$
$

$
$

$
$

6,500
4,500
2,000
30.77
55,000
57,000
(2,000)
(3.64)

$
$

$
$

85,500
83,000
2,500
2.92

160,000 $
162,000
(2,000) $
(1.25)

540,000
556,000
(16,000)
(2.96)

18,000 $
22,000
(4,000) $
(22.22)

15,000 $
15,500
(500) $
(3.33)

48,000 $
51,500
(3,500) $
(7.29)

162,000
168,000
(6,000)
(3.70)

20,000
25,000
5,000
25.00

20,000
24,000
4,000
20.00

42,000
70,000
28,000
66.67

132,000
127,000
(5,000)
(3.79)

70,000
72,000
2,000
2.86

$
$

$
$

Balance Sheet
Cash
Plan
Actual
Variance (dollars)
Variance (percent)
Inventory Value
Plan
Actual
Variance (dollars)
Variance (percent)
Accounts Receivable
Plan
Actual
Variance (dollars)
Variance (percent)
Net Capital Assets
Plan
Actual
Variance (dollars)
Variance (percent)
Accounts Payable
Plan
Actual
Variance (dollars)
Variance (percent)
Long-Term Debt Payable
Plan
Actual
Variance (dollars)
Variance (percent)

$
$

$
$

$
$

$
$

$
$

$
$

45,000
47,000
2,000
4.44
250,000
250,000
0.00
25,000
26,000
1,000
4.00
125,000
125,000
0.00

$
$

$
$

$
$

$
$

48,000
48,000
0.00
245,000
245,000
0.00
28,000
30,000
2,000
7.14
48,000
48,000
0.00

$
$

$
$

$
$

$
$

$
$

$
$

50,000 $
49,000
(1,000) $
(2.00)
240,000
240,000
0.00
32,000
34,000
2,000
6.25

$
$

$
$

50,000 $
49,000
(1,000) $
(2.00)

47,667
48,000
333
0.70
245,000
245,000
0.00
28,333
30,000
1,667
5.88

$
$

$
$

$
$

74,333 $
74,000
(333) $
(0.45)

235,000
235,000
0.00
34,000
35,000
1,000
2.94

$
$

$
$

55,000 $
51,000
(4,000) $
(7.27)

230,000
230,000
0.00
35,000
35,500
500
1.43

$
$

$
$

55,000 $
53,000
(2,000) $
(3.64)

225,000
225,000
0.00

$
$

$
$

$
$

36,000
36,500
500
1.39

54,000
54,000
0.00

54,667 $
52,667
(2,000) $
(3.66)
230,000
230,000
0.00
35,000
35,667
667
1.90

$
$

$
$

54,667 $
52,667
(2,000) $
(3.66)

53,000
55,000
2,000
3.77
300,000
325,000
25,000
8.33
35,000
35,000
0.00
53,000
55,000
2,000
3.77

$
$

$
$

$
$

$
$

125,000
125,000
0.00
52,000
54,000
2,000
3.85
295,000
320,000
25,000
8.47

$
$

$
$

$
$

34,000
34,000
0.00

52,000
54,000
2,000
3.85

55,000 $
53,000
(2,000) $
(3.64)
120,000
121,000
1,000
0.83

51,000
53,000
2,000
3.92

290,000
315,000
25,000
8.62

$
$

51,667 $
48,667
(3,000) $
(5.81)
123,333 $
122,667
(667) $
(0.54)
52,000
54,000
2,000
3.85
295,000
320,000
25,000
8.47

$
$

$
$

60,000 $
58,000
(2,000) $
(3.33)
115,000
116,000
1,000
0.87
50,000
51,000
1,000
2.00
285,000
310,000
25,000
8.77

$
$

$
$

$
$

65,000
66,000
1,000
1.54

$
$

110,000 $
108,000
(2,000) $
(1.82)
50,000
50,000
0.00
280,000
305,000
25,000
8.93

$
$

$
$

100,000
102,000
2,000
2.00

$
$

50,000 $
49,500
(500) $
(1.00)
275,000
300,000
25,000
9.09

$
$

65,000
65,333
333
0.51

108,333
108,667
333
0.31

50,000
50,167
167
0.33
280,000
305,000
25,000
8.93

$
$

$
$

70,000
72,000
2,000
2.86
100,000
102,000
2,000
2.00
50,000
49,500
(500)
(1.00)
275,000
300,000
25,000
9.09

33,000 $
32,500
(500) $
(1.52)

34,000 $
33,833
(167) $
(0.49)

32,000 $
31,000
(1,000) $
(3.13)

31,000 $
30,000
(1,000) $
(3.23)

30,000 $
29,500
(500) $
(1.67)

31,000 $
30,167
(833) $
(2.69)

30,000
29,500
(500)
(1.67)

51,000
53,000
2,000
3.92

52,000
54,000
2,000
3.85

50,000
51,000
1,000
2.00

50,000
50,000
0.00

50,000 $
49,500
(500) $
(1.00)

50,000
50,167
167
0.33

50,000
49,500
(500)
(1.00)

$
$

$
$

$
$

$
$

$
$

Variance Analysis Notes