Variance Report Gross Margins

On a variance report, "Gross Margin%" is the margin for the current period, calculated from purchases at cost and selling for that period alone. As it is a value for one period there is no equivalent annual value.

"Average GM%" is the Gross Margin earned for the Season, calculated from purchases at cost and selling for the season, actauls to date and budget to go. The annual value uses the avarage actual margin for the past season, or budget values if it is in the future.