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  • Part C - Task 1 - Budget Monitoring Plan

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    Nadeeka sanjeewani
    13 views2 pages
    The document summarizes variances against the budget for various items over several months. It shows the variance percentage or amount, whether the variance is temporary or permanent, the level of control over the budget item, and the potential impact if not corrected. It also lists the required action, when the action should be taken by, and who is responsible for the action.

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    Original Title

    Part C - Task 1- Budget Monitoring Plan

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    The document summarizes variances against the budget for various items over several months. It shows the variance percentage or amount, whether the variance is temporary or permanent, the level of control over the budget item, and the potential impact if not corrected. It also lists the required action, when the action should be taken by, and who is responsible for the action.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    13 views2 pages

    Part C - Task 1 - Budget Monitoring Plan

    Uploaded by

    Nadeeka sanjeewani
    The document summarizes variances against the budget for various items over several months. It shows the variance percentage or amount, whether the variance is temporary or permanent, the level of control over the budget item, and the potential impact if not corrected. It also lists the required action, when the action should be taken by, and who is responsible for the action.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Level of

    Variance type control over Impact on


    Month under Variance %
    Budget Item (Temporary/ budget business if
    review or $
    Permanent) (High/Mediu not corrected
    m/Low)
    vehicle Budget could
    September ($140) Permanent Medium
    maintenance be overspent
    Promotion Budget could
    March 2.00% Temporary Medium
    cost be overspent
    Fir, health and Budget could
    July 1.50% Temporary Medium
    safety fee be overspent
    Budget could
    July Wages 2.00% Permanent Medium
    be overspent
    Operating Budget could
    October Temporary Medium
    expenses 3.00% be overspent
    Action required Action on Action by

    Maintain vehicle logs Restaurant


    October
    Obtain at least 2 quotes next time Manager
    Marketing
    Maintain promotion log April
    Manager
    Maintatin fire,health and safety log Resturant
    August
    Obtain from at least 1 year Manager
    Maintatin wages log Restaurant
    August
    Obtain from recruiting new staff Manager
    Accounts
    November
    Maintatin operating expenses log Manager

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