{"id":2593,"date":"2023-02-18T23:16:58","date_gmt":"2023-02-18T23:16:58","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/week-4-assessment\/"},"modified":"2023-02-19T19:11:16","modified_gmt":"2023-02-19T19:11:16","slug":"week-four-assessment","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/week-four-assessment\/","title":{"rendered":"Week four\/ Assessment"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>For this assignment, refer to the scenario located in<strong> \u201cProblems \u2013 Series A,\u201d section 8-19A of Ch. 8, \u201cPerformance Evaluation,\u201c of <\/strong><em><strong>Fundamentals of Managerial Accounting Concepts. <\/strong><\/em>This scenario puts you in charge of preparing a budget for the Redmond Management Association annual public relations luncheon.<\/p>\n<p><strong>Read<\/strong> the scenario in the textbook and complete the activity below.<\/p>\n<p><strong>Use<\/strong> Microsoft\u00ae Excel\u00ae\u2014showing all work and formulas\u2014to complete the following:<\/p>\n<ul>\n<li>Prepare a flexible budget.&nbsp;<\/li>\n<li>Compute the sales volume variance and the variable cost volume variances based on a comparison between the master budget and the flexible budget.<\/li>\n<li>Compute flexible budget variances by comparing the flexible budget with the actual results.<\/li>\n<\/ul>\n<p><strong>Create&nbsp;<\/strong>a 6- to 8-slide presentation for the budget committee meeting. Complete the following in your presentation:<\/p>\n<ul>\n<li>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.<\/li>\n<li>Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results.<\/li>\n<li>Justify the favorable or unfavorable budget variances.<\/li>\n<li>Since this is a not-for-profit organization, address why anyone should be concerned with meeting the budget.<\/li>\n<li>Make recommendations for what can be done differently to stay on budget for future luncheons. Provide specific examples to support your recommendations.<\/li>\n<\/ul>\n<p><strong>Cite <\/strong>references to support your assignment.<\/p>\n<p><strong>Format<\/strong>&nbsp;your citations according to APA guidelines.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; For this assignment, refer to the scenario located in \u201cProblems \u2013 Series A,\u201d section 8-19A of Ch. 8, \u201cPerformance Evaluation,\u201c 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 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[239],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/2593"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=2593"}],"version-history":[{"count":1,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/2593\/revisions"}],"predecessor-version":[{"id":2759,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/2593\/revisions\/2759"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=2593"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=2593"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=2593"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=2593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}