Which activity of variance should be of concern to management

Learning Outcomes 1. Be able to assess budgets based on financial data to support organisational objectives (CMI Los 2). 2. Understand how to evaluate financial proposals for expenditure submitted by others (CMI Los 3) Required: 1. What is the objective of preparing budget for Flight Café. 2. Prepare a report showing the company’s revenue and spending variance for July 3. Which activity of variance should be of concern to management? Explain. 4. Advice Flight Café what they need to do to support their objectives.