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Accounting- math (Example)

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ACC 202: Final Project Part I Budget Variance Report Submission Your Name Southern New Hampshire University ACC 202: Final Project Part I Budget Variance Report Submission Introduction The following is a report for Peyton’s operating budget and variance analysis. An operating budget provides an overall quantification of the budgeting plan. It puts together all the budgets of an organization. Peyton operating budget comprises of a sales budget production budget manufacturing budget selling expense budget and general and administrative expense budget. The report is divided into two sections. The first section analyzes the variances found in Peyton while the second section investigates the possible causes of the variances. Budget Variances Variance analysis is dependent on the standard costing. The budgeted quantities and prices as well as actual quantities and prices must be known for variance analysis to be conducted (DRURY 2013). The worksheet for Peyton worksheet provides both budgeted and period if they were using efficient machinery translating to an unfavorable labor efficiency variance. Conclusion The report has analyzed the variances in Peyton company as well as possible causes of the variances. All variances except for material cost and labor rate for Peyton were unfavorable. The budgetary control team should investigate possible causes of the material usage variance and labor efficiency variance. Understanding the possible causes of the variance will assist the budgetary committee in coming up with a more accurate operating budget for the next production period. References DRURY C. M. (2013). Management and cost accounting. Springer. Klychova G. S. Faskhutdinova М. S. & Sadrieva E. R. (2014). Budget efficiency for cost control purposes in management accounting system. Mediterranean journal of social sciences  5(24) 79. Nobles T. L. Mattison B. L. & Matsumura E. M. (2014). Horngren’s financial and managerial accounting (5th ed.). Upper Saddle River NJ: Pearson Education Inc. [...]

Order Description:

This is a 2 part assigment. first part is variance budget worksheet. 2nd part is report. Attached is the rubric

Subject Area: Accounting

Document Type: Dissertation Proposal

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $50

Words 550

Pages 2

Completed in 11 days

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08.19.2017

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