Which financial management tools can be resources for creating a variance report?

The choice that correctly identifies resources for creating a variance report is focused on "Turn rate, OTB, MAP, COGS, Gross margin%." This selection encompasses a comprehensive range of key performance indicators and financial metrics that are essential for analyzing variances in financial reports.

The turn rate refers to how often inventory is sold and replaced, providing insight into sales efficiency. Open to Buy (OTB) is a critical planning tool for managing inventory purchases, helping to avoid overstocking or stockouts. The Minimum Advertised Price (MAP) is important for understanding pricing strategies and their effect on sales. Cost of Goods Sold (COGS) measures the direct costs attributable to the production of goods sold, which is essential in determining profitability. The gross margin percentage is a vital metric for assessing the financial health of the business, reflecting the portion of sales revenue that exceeds the COGS.

Utilizing these financial management tools enables golf operations to make data-driven decisions based on actual performance compared to expectations, which is the essence of creating a variance report. This analysis aids in identifying areas where the operations are performing above or below budget, facilitating more informed future planning.

The other options may touch on relevant aspects of financial management but do not exclusively cover the