Complete a Performance Report for the Month of May,2014,for Times

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?