Budget vs Actual Analysis - Q1 2024
Total Budget
$11,351,747.80
Total Actual
$11,401,936.17
Total Variance
$50,188.37
+0.44%
Budget Control Status
Within Range
Acceptable
Variance Matrix - Department vs Account Category
Operations
Marketing
HR
IT
Finance
R&D
Sales
Salaries
+0.2%
-1.5%
+2.1%
+0.5%
-0.8%
-3.2%
+1.8%
Benefits
+0.1%
+0.3%
+1.2%
-0.2%
+0.4%
-1.1%
+0.6%
Marketing
+0.5%
+23.5%
0.0%
+0.2%
-0.3%
+4.2%
+8.7%
IT Services
+3.5%
+0.8%
+0.3%
+18.2%
+1.1%
+2.9%
+0.7%
Materials
+5.3%
+0.9%
0.0%
+0.4%
-0.1%
-15.0%
+1.2%
Professional Fees
+0.7%
+6.5%
+3.8%
+4.2%
+7.1%
-2.3%
+5.9%
Rent & Utilities
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Variance Attribution Tree
Price Variance +$28,450
Volume Variance +$18,320
Mix Variance +$5,680
Timing Variance -$2,262
Anomaly Detection & Insights
Top 5 Significant Variances
Marketing & Advertising (5201) - Entity B Sales +$15,200
Q1 product launch campaign exceeded budget by 23.5%. Campaign delivered 2.3x ROI with strong customer acquisition.
IT Services (5301) - Emergency Expenditure +$12,850
Server replacement approved March 28. Critical infrastructure failure - no standard account code assigned. View Approval Email
R&D Equipment (6105) - Entity C -$8,500
15% under budget due to delayed procurement timeline. Equipment orders pushed to Q2 2024.
Professional Fees (5401) - Finance Department +$6,680
Consultant rate increase (7.1%) for audit and compliance services. Market-driven adjustment.
Materials & Supplies (4102) - Operations +$5,320
Raw material price inflation (5.3%) driven by supply chain constraints in Q1.
AI-Generated Insights for Monthly Report
Entity B Sales department shows 23.5% overspend in Marketing & Advertising (Account 5201) - likely due to Q1 product launch campaign which delivered strong ROI of 2.3x with exceptional customer acquisition metrics.
IT Services (Account 5301) has emergency expenditure of $12,850 approved on March 28 - server replacement not in original budget. Critical infrastructure failure required immediate action with full stakeholder approval documented.
R&D Equipment spending 15% under budget - delayed procurement timeline pushed equipment orders to Q2 2024. No impact on project deliverables expected.
Overall variance of +0.44% ($50,188.37) indicates excellent budget control within acceptable range. Variance primarily driven by strategic investments (marketing campaign) and emergency infrastructure needs (IT equipment).
Professional fees increased 7.1% across Finance department due to market-driven consultant rate adjustments for audit and compliance services. Rate changes aligned with industry benchmarks.
Account Code Account Name Department Entity Budget Actual Variance Variance % Status
Entity A - Manufacturing
Budget: $4,850,320
Actual: $4,892,145
Variance: +$41,825 (+0.86%)
Entity B - Sales
Budget: $3,720,580
Actual: $3,765,240
Variance: +$44,660 (+1.20%)
Entity C - R&D
Budget: $2,780,848
Actual: $2,744,551
Variance: -$36,297 (-1.30%)
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