Campbellsville University Variance Analysis & Business Management Questions

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Business Finance

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Variance Analysis

Address following questions

1. As a manager, discuss how you would use or have used the concepts presented in chapters 9 and 10.

2. Why might managers find a flexible-budget analysis more informative than static-budget analysis?

3. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead? Provide at least one numerical example to support your thoughts.

Answer with at least 950 words, Answer must be completed on time and must include in-text citations and references in APA style formatting

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Explanation & Answer

Attached.

Running head: VARIANCE ANALYSIS

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Variance Analysis
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VARIANCE ANALYSIS

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Variance Analysis

As a manager, the concepts presented in the reading chapters can be used to plan for
growth. Business growth is a good thing, but it requires planning for it to be successful.
Organizations that sit and wait for growth to happen my face challenges that could bring the
business down. Planning for growth helps an organization to prepare for the challenges to avoid
crumbling the business. I can use some of the concepts to ensure there is an operating budget for
growth to help with the changes. The operating budget will help to plan for operations and to
control operations. Planning for operating is essential for growth because resources need to be
planned to ensure they are adequate for the expected changes. Failure to plan resources may lead
to misuse of resources, which can pose a threat to the business. Planning ensures all steps to
attain growth are completed. The operating budget will help in controlling operations to make
sure they are within the proposed budget. The operational budget concepts can be used to
evaluate performance by comparing the actual budget wit the proposed budget (Heisinger, s&
Hoyle, 2012). These concepts are also useful in creating communication method. The operat...


Anonymous
Really useful study material!

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