ACC 543 Week 4 Assignment Help | University Of Phoenix
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- 03 Oct 2020
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ACC 543 Week 4 Assignment Help | University Of Phoenix
Week 4 -
Apply: Signature Assignment: Flexible Budget
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 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.