Signature Assignment to Flexible Budget
For this assignment, refer to the scenario located inProblems Series A, section 8-19A of Ch. 8, Performance Evaluation, ofFundamentals of .This scenario puts you in charge of preparing a budget for the Redmond Management Association annual public relations luncheon.
Readthe scenario in the textbook and complete the activity below.
UseExcelshowing all work and formulasto complete the following:
Prepare a flexible budget.
Compute the 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 .
Since this is a , 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. to support your recommendations.
Citereferences to support your assignment.
Formatyour citations according to APA guidelines.
Attached is 8-19A scenario for info.