Page 79 - IMDR MSME BOOK 2021

Managing Finance in Micro, Small & Medium Enterprises
P value is less than 0.05 which makes us accept the null
hypothesis and concludes that there is no signicant
difference among groups of respondents. Hence it is
concluded that there is no signicant difference among
groups of respondents and majority of MSMEs track
revenues against forecast and analyze variance every
month.
H04 – There is no signicant difference among various
groups of respondent rms and conducting periodic
variance analysis.
MSME respondent rms have been grouped based on
their last year annual turnover which reects the size of
the organisation. The variance analysis helps the rms to
control the cost and identify variances in material,
labour, overhead and sales, which further helps to
increase the protability of the rm.