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Managerial Analysis (Example)

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Green pastures overhead analysis Student name:Number: Due date: Faculty no: Green Pastures Overhead Analysis Putting overheads costs under control is a main fixation of the executive in any enterprise. This is because overheads are a main cost in many enterprises. These difficulties are mostly swamped by application of flexible budgets. Nonetheless the degree of control should bear in mind competitive pressures to enhance services to clientele and quality. Executive must be careful enough not cut costs that add value to the enterprise. Evaluation of discrepancies enables the executive to better operations; employ effectiveness in resources’ usage and costs reduction. to give a comparison of costs at one level of activity (52 mares) to costs at a different level of activity (60 mares). In a flexed budget actual costs are compared to what actual costs should have been at the actual level of activity. This is paramount because if adjustments are not made with regard to the level of activity it is quite difficult to interpret discrepancies among budgeted and actual costs. Thus gives a more realistic picture of whether overheads cost are under control. The analysis is not so simple however in enterprises with multiple products and services. [...]

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Managerial Analysis Due Feb 26, 11:59 PM Not Submitted POINTS 8 Scenario no new messages Objectives: 6.1 6.2 6.3 Instructions Assignment Files Grading Purpose of Assignment This comprehensive case requires students to evaluate a static budget and prepare flexible budgets to meet managerial needs. Students are required to calculate and analyze variances and discuss how variances are critical to managerial decision making. Assignment Steps Resources: Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC), Green Pastures Static Budget Income Statement Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Scenario: Green Pastures is a 400-acre farm on the outskirts of the Kentucky Bluegrass, specializing in the boarding of broodmares and their foals. A recent economic downturn in the thoroughbred industry has led to a decline in breeding activities, and it has made the boarding business extremely competitive. To meet the competition, Green Pastures planned in 2017 to entertain clients, advertise more extensively, and absorb expenses formerly paid by clients such as veterinary and blacksmith fees. The budget report for 2017 is presented as an attachment. As shown, the static income statement budget for the year is based on an expected 21,900 boarding days at $25 per mare. The variable expenses per mare per day were budgeted: feed $5, veterinary fees $3, blacksmith fees $0.25, and supplies $0.55. All other budgeted expenses were either semifixed or fixed. During the year, management decided not to replace a worker who quit in March, but it did issue a new advertising brochure and did more entertaining of clients. Develop a minimum 700-word examination of the financial statements and include the following: Based on the static budget report: What was the primary cause(s) of the loss in net income? Did management do a good, average, or poor job of controlling expenses? Were management's decisions to stay competitive sound? Prepare a flexible budget report for the year. Based on the flexible budget report: What was the primary cause(s) of the loss in net income? Did management do a good, average, or poor job of controlling expenses? Were management's decisions to stay competitive sound? What course of action do you recommend for the management of Green Pastures? Show your work in Microsoft® Word or Excel®. Complete calculations/computations using Microsoft® Word or Excel®. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. Materials Green Pastures Static Budget Income Statement Managerial Analysis Grading Guide Copyright ©2018 by University of Phoenix. All rights res

Subject Area: Accounting

Document Type: Reports

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Project's rating is 5/5

Price $25

Words 825

Pages 3

Completed in 10 days

Expert Mugo55

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Mugo is excellent the writer stays in contact with you to make any changes and updates if needed. Excellent writer

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03.04.2018

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