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- Title
MODIFIED TABULAR PRESENTATION OF GROSS PROFIT VARIATIONS.
- Authors
Broom, H. N.
- Abstract
Gross profit variations may be computed to help in the determination of managerial efficiency and the proper amounts for managerial bonuses, and to help in planning and controlling profits. Common solutions are, first, report form, via formulas; and, second, tabular form. As usually presented, the latter shows variety and volume variations as a combined figure, requiring a separate schedule in report form to divide this into variety and volume variations. The procedure advocated herewith eliminates this extra schedule, and obtains separate variety and volume variations in the table itself, by adding one data column. The advantages of compactness and ease of understanding are fully retained; the change is solely one of technique. The first four columns in the table are used to compile the data required in obtaining the variations. The last five columns calculate and present the variations, from left to right. The first variation is the sum of the other four. A mathematical representation of this is mentioned in the article.
- Subjects
CORPORATE profits; READY-reckoners; ACCOUNTING; GROSS income; FACTOR tables; PROFIT; PLANNING; METHODOLOGY; BUSINESS mathematics
- Publication
Accounting Review, 1950, Vol 25, Issue 2, p193
- ISSN
0001-4826
- Publication type
Article