Case Study Q
Subject:BusinessPrice: Bought3
Case Study Q.1) A company can follow the following steps when preparing a budget 1. Identify the Actual Quantity of Output 2. Calculate the Flexible Budget for Revenues Based on the Budgeted Selling Price and Actual Quantity of Output 3. Calculate the Flexible Budget for Costs Based on the Budgeted Variable Cost per Output Unit, Actual Quantity of Output, and Budgeted Fixed Costs These steps would help establish the basis for comparing actual and budgeted work for the business. Any variance could then be determined and further investigated on the basis of being favorable or unfavorable. Required: you are required to download any company information and prepare a variance analysis for any 2 years (preferred to be within the last 5 years) and comment if such variances are favourable or unfavourable (with proper reasoning) Note: prepare at least 3 variance analysis (3*2=6)
