Instruction
Case Study 9-31 - pp. 435 - 437
Answer only Questions - 1(c) & 3;
Develop and incorporate actual results and a flexible budget for the three-month period ending June 30;
Chapter 10 will need to be used to explain the flexible budget process;
Develop a Budget Performance Report for the Planning Budget (Question #3), Flexible Budget, Actual
Results, and Revenue & Spending Variances similar to Exhibit 10-8 (p. 448) except arrange the report
columns as Dr. Vance demonstrated in class for the Chapter 10 lecture for the Budget Performance Report.
Activity variances are not required for the Budget Performance Report.
Provide plausible explanations for the variances (Chapters 10 & 11 will assist with this requirement).
Must use Excel spreadsheets with formulas for the analyses and reports.