ACC 543 Week 4 Assignment | University of Phoenix
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- 16 Aug 2022
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ACC 543 Week 4 Assignment | University of Phoenix
Assignment Content
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:
o Prepare a flexible
budget.
o Compute the sales
volume variance and the variable cost volume variances based on a comparison
between the master budget and the flexible budget.
o 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:
o 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.
o Summarize the
results of the flexible budget variances computations based on the comparison
between the flexible budget and the actual results.
o Justify the
favorable or unfavorable budget variances.
o Since this is a
not-for-profit organization, address why anyone should be concerned with
meeting the budget.
o 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.
USA 
India