<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 Variance Analysis Notes
Profit-and-Loss
Revenue

Plan $65,000 $75,000 $85,000 $225,000 $75,000 $80,000 $90,000 $245,000 $90,000 $100,000 $105,000 $295,000 $120,000 $130,000 $145,000 $395,000 $1,160,000
Actual 60,000 70,000 88,000 218,000 95,000 65,000 88,000 248,000 95,000 110,000 100,000 305,000 115,000 120,000 165,000 400,000 1,171,000
Variance (dollars) $(5,000) $(5,000) $3,000 $(7,000) $20,000 $(15,000) $(2,000) $3,000 $5,000 $10,000 $(5,000) $10,000 $(5,000) $(10,000) $20,000 $5,000 $11,000
Variance (percent) (7.69) (6.67) 3.53 (3.11) 26.67 (18.75) (2.22) 1.22 5.56 10.00 (4.76) 3.39 (4.17) (7.69) 13.79 1.27 0.95
Cost of Goods Sold
Plan $50,000 $55,000 $65,000 $170,000 $55,000 $60,000 $70,000 $185,000 $50,000 $55,000 $65,000 $170,000 $50,000 $55,000 $65,000 $170,000 $695,000
Actual 45,000 55,000 63,000 163,000 45,000 55,000 63,000 163,000 45,000 55,000 63,000 163,000 45,000 55,000 63,000 163,000 652,000
Variance (dollars) $5,000 $- $2,000 $7,000 $10,000 $5,000 $7,000 $22,000 $5,000 $- $2,000 $7,000 $5,000 $- $2,000 $7,000 $43,000
Variance (percent) 10.00 0.00 3.08 4.12 18.18 8.33 10.00 11.89 10.00 0.00 3.08 4.12 10.00 0.00 3.08 4.12 6.19
Sales and Marketing Costs
Plan $8,000 $3,000 $4,000 $15,000 $6,000 $7,000 $8,000 $21,000 $7,500 $8,500 $9,000 $25,000 $8,000 $10,000 $6,500 $24,500 $85,500
Actual 10,000 4,000 3,000 17,000 5,000 6,500 7,500 19,000 8,000 8,000 8,500 24,500 9,000 9,000 4,500 22,500 83,000
Variance (dollars) $(2,000) $(1,000) $1,000 $(2,000) $1,000 $500 $500 $2,000 $(500) $500 $500 $500 $(1,000) $1,000 $2,000 $2,000 $2,500
Variance (percent) (25.00) (33.33) 25.00 (13.33) 16.67 7.14 6.25 9.52 (6.67) 5.88 5.56 2.00 (12.50) 10.00 30.77 8.16 2.92
Labor Costs
Plan $35,000 $40,000 $40,000 $115,000 $40,000 $40,000 $45,000 $125,000 $45,000 $45,000 $50,000 $140,000 $50,000 $55,000 $55,000 $160,000 $540,000
Actual 40,000 41,000 42,000 123,000 42,000 43,000 45,000 130,000 45,000 47,000 49,000 141,000 50,000 55,000 57,000 162,000 556,000
Variance (dollars) $(5,000) $(1,000) $(2,000) $(8,000) $(2,000) $(3,000) $- $(5,000) $- $(2,000) $1,000 $(1,000) $- $- $(2,000) $(2,000) $(16,000)
Variance (percent) (14.29) (2.50) (5.00) (6.96) (5.00) (7.50) 0.00 (4.00) 0.00 (4.44) 2.00 (0.71) 0.00 0.00 (3.64) (1.25) (2.96)
Sales, General, and Administrative Costs
Plan $10,000 $10,000 $11,000 $31,000 $11,000 $12,000 $15,000 $38,000 $14,000 $15,000 $16,000 $45,000 $15,000 $18,000 $15,000 $48,000 $162,000
Actual 9,000 10,000 12,000 31,000 15,000 13,000 14,000 42,000 13,500 14,500 15,500 43,500 14,000 22,000 15,500 51,500 168,000
Variance (dollars) $1,000 $- $(1,000) $- $(4,000) $(1,000) $1,000 $(4,000) $500 $500 $500 $1,500 $1,000 $(4,000) $(500) $(3,500) $(6,000)
Variance (percent) 10.00 0.00 (9.09) 0.00 (36.36) (8.33) 6.67 (10.53) 3.57 3.33 3.13 3.33 6.67 (22.22) (3.33) (7.29) (3.70)
Operating Income
Plan $5,000 $5,000 $5,000 $15,000 $10,000 $10,000 $10,000 $30,000 $15,000 $15,000 $15,000 $45,000 $2,000 $20,000 $20,000 $42,000 $132,000
Actual (5,000) (3,000) 2,000 (6,000) - 5,000 12,000 17,000 12,000 16,000 18,000 46,000 21,000 25,000 24,000 70,000 127,000
Variance (dollars) $(10,000) $(8,000) $(3,000) $(21,000) $(10,000) $(5,000) $2,000 $(13,000) $(3,000) $1,000 $3,000 $1,000 $19,000 $5,000 $4,000 $28,000 $(5,000)
Variance (percent) (200.00) (160.00) (60.00) (140.00) (100.00) (50.00) 20.00 (43.33) (20.00) 6.67 20.00 2.22 950.00 25.00 20.00 66.67 (3.79)

Balance Sheet
Cash
Plan $45,000 $45,000 $40,000 $43,333 $40,000 $42,000 $45,000 $42,333 $48,000 $52,000 $55,000 $51,667 $60,000 $65,000 $70,000 $65,000 $70,000
 Actual 43,000 42,000 41,000 42,000 38,000 40,000 41,000 39,667 45,000 48,000 53,000 48,667 58,000 66,000 72,000 65,333 72,000
Variance (dollars) $(2,000) $(3,000) $1,000 $(1,333) $(2,000) $(2,000) $(4,000) $(2,667) $(3,000) $(4,000) $(2,000) $(3,000) $(2,000) $1,000 $2,000 $333 $2,000
Variance (percent) (4.44) (6.67) 2.50 (3.08) (5.00) (4.76) (8.89) (6.30) (6.25) (7.69) (3.64) (5.81) (3.33) 1.54 2.86 0.51 2.86
Inventory Value
Plan $100,000 $105,000 $110,000 $105,000 $115,000 $120,000 $125,000 $120,000 $125,000 $125,000 $120,000 $123,333 $115,000 $110,000 $100,000 $108,333 $100,000
Actual 95,000 100,000 105,000 100,000 105,000 112,000 118,000 111,667 122,000 125,000 121,000 122,667 116,000 108,000 102,000 108,667 102,000
Variance (dollars) $(5,000) $(5,000) $(5,000) $(5,000) $(10,000) $(8,000) $(7,000) $(8,333) $(3,000) $- $1,000 $(667) $1,000 $(2,000) $2,000 $333 $2,000
Variance (percent) (5.00) (4.76) (4.55) (4.76) (8.70) (6.67) (5.60) (6.94) (2.40) 0.00 0.83 (0.54) 0.87 (1.82) 2.00 0.31 2.00
Accounts Receivable
Plan $45,000 $48,000 $50,000 $47,667 $55,000 $55,000 $54,000 $54,667 $53,000 $52,000 $51,000 $52,000 $50,000 $50,000 $50,000 $50,000 $50,000
Actual 47,000 48,000 49,000 48,000 51,000 53,000 54,000 52,667 55,000 54,000 53,000 54,000 51,000 50,000 49,500 50,167 49,500
Variance (dollars) $2,000 $- $(1,000) $333 $(4,000) $(2,000) $- $(2,000) $2,000 $2,000 $2,000 $2,000 $1,000 $- $(500) $167 $(500)
Variance (percent) 4.44 0.00 (2.00) 0.70 (7.27) (3.64) 0.00 (3.66) 3.77 3.85 3.92 3.85 2.00 0.00 (1.00) 0.33 (1.00)
Net Capital Assets
Plan $250,000 $245,000 $240,000 $245,000 $235,000 $230,000 $225,000 $230,000 $300,000 $295,000 $290,000 $295,000 $285,000 $280,000 $275,000 $280,000 $275,000
Actual 250,000 245,000 240,000 245,000 235,000 230,000 225,000 230,000 325,000 320,000 315,000 320,000 310,000 305,000 300,000 305,000 300,000
Variance (dollars) $- $- $- $- $- $- $- $- $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
Variance (percent) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.33 8.47 8.62 8.47 8.77 8.93 9.09 8.93 9.09
Accounts Payable
Plan $25,000 $28,000 $32,000 $28,333 $34,000 $35,000 $36,000 $35,000 $35,000 $34,000 $33,000 $34,000 $32,000 $31,000 $30,000 $31,000 $30,000
Actual 26,000 30,000 34,000 30,000 35,000 35,500 36,500 35,667 35,000 34,000 32,500 33,833 31,000 30,000 29,500 30,167 29,500
Variance (dollars) $1,000 $2,000 $2,000 $1,667 $1,000 $500 $500 $667 $- $- $(500) $(167) $(1,000) $(1,000) $(500) $(833) $(500)
Variance (percent) 4.00 7.14 6.25 5.88 2.94 1.43 1.39 1.90 0.00 0.00 (1.52) (0.49) (3.13) (3.23) (1.67) (2.69) (1.67)
Long-Term Debt Payable
Plan $125,000 $48,000 $50,000 $74,333 $55,000 $55,000 $54,000 $54,667 $53,000 $52,000 $51,000 $52,000 $50,000 $50,000 $50,000 $50,000 $50,000
Actual 125,000 48,000 49,000 74,000 51,000 53,000 54,000 52,667 55,000 54,000 53,000 54,000 51,000 50,000 49,500 50,167 49,500
Variance (dollars) $- $- $(1,000) $(333) $(4,000) $(2,000) $- $(2,000) $2,000 $2,000 $2,000 $2,000 $1,000 $- $(500) $167 $(500)
Variance (percent) 0.00 0.00 (2.00) (0.45) (7.27) (3.64) 0.00 (3.66) 3.77 3.85 3.92 3.85 2.00 0.00 (1.00) 0.33 (1.00)