***I will need a 6-8 PowerPoint Presentation with speaker notes and also an Excel spreadsheet that...

Question

***I will need a 6-8 PowerPoint Presentation with speaker notes and also an Excel spreadsheet that shows the work

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 (eText, pg. 379).

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.

Createa 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.

Formatyour citations according to APA guidelines.

assignement-scenario-zkmatrnw.docx

Nitish Lath · Accepted Answer

Taxation system in India – An overview
VARIANCE ANALYSIS
AN INTRODUCTION.
The variance analysis is the important and critical aspect of the budgeting process. It helps in identifying the flaws in the budgeting process and helps in comparing the actual results with budgeted result. Thus analyzing the budget variances allows the management in evaluating the performance of the entity and setting the future expectation for the entity (Garcia, Madison. 2021)
The variance analysis is the important and critical aspect of the budgeting process. It helps in identifying the flaws in the budgeting process and helps in comparing the actual results with budgeted result
2
Sales volume variance and variable cost volume variance
Unfavorable variance in the meals expense, postage expenses and facility expense.
3
Sales volume variance and variable cost volume variance
The allocated funds in case of budgeted and flexible budgeted are same hence there is no variance in the allocated funds.
The variable expenses of the entity is different in case of master budget and flexible budget. The meals expense is showing unfavorable variances as in the master budget it was expected that 1400 people will be present whereas in actual case 1620 individual turned on and this leads to unfavorable variances.
The postage expense is also showing unfavorable variances as in budgeted mails were send to 3000 people but in actual case it was send to 4000 people.
The variable expenses of the entity is different in case of master budget and flexible budget.

***I will need a 6-8 PowerPoint Presentation with speaker notes and also an Excel spreadsheet that shows the work For this assignment, refer to the scenario located in “Problems – Series A,” section...

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