Wk 4 – Apply: Signature Assignment: Flexible Budget For this assignment, refer to the scenario located in “Problems – Series A,” section 8-19A of Ch. 8, “P

Click here to Order a Custom answer to this Question from our writers. It’s fast and plagiarism-free.

  1. For this assignment, refer to the scenario located in “Problems – Series A,” section 8-19A of Ch. 8, “Performance Evaluation,“ of Fundamentals of Managerial Accounting Concepts. This scenario puts you in charge of preparing a budget for the Redmond Management Association annual public relations luncheon.

    Read the scenario in the textbook and complete the activity below.

    Use Microsoft® Excel®—showing all work and formulas—to complete the following:

    • Prepare a flexible budget. 
    • Compute the sales volume variance and the variable cost volume variances based on a comparison between the master budget and the flexible budget.
    • Compute flexible budget variances by comparing the flexible budget with the actual results.
    • Create a 6- to 8-slide presentation for the budget committee meeting. Complete the following in your presentation:
    • Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget.
    • Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results.
    • Justify the favorable or unfavorable budget variances.
    • Since this is a not-for-profit organization, address why anyone should be concerned with meeting the budget.
    • Make recommendations for what can be done differently to stay on budget for future luncheons. Provide specific examples to support your recommendations.
    • Cite references to support your assignment.

      Format your citations according to APA guidelines.

      Submit your assignment.

       

Place your order now for a similar assignment and have exceptional work written by one of our experts, guaranteeing you an A result.

Need an Essay Written?

This sample is available to anyone. If you want a unique paper order it from one of our professional writers.

Get help with your academic paper right away

Quality & Timely Delivery

Free Editing & Plagiarism Check

Security, Privacy & Confidentiality