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For this assignment, refer to the scenario located in Problems Series A, section 8-19A...

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Finance

For this assignment, refer to the scenario located in Problems Series A, section 8-19A of Ch. 8, Performance Evaluation, of Fundamentals of Managerial Accounting Concepts. This scenario puts you in charge of preparing a budget for the Redmond Management Association annual public relations luncheo

Create a 6- to 8-slide presentation for the budget committee meeting. Complete the following in your presentation:

  • Summarize the results of the sales volume and variable cost volume variances computations based on the comparison between the master budget and the flexible budget.
  • Summarize the results of the flexible budget variances computations based on the comparison between the flexible budget and the actual results.
  • Justify the favorable or unfavorable budget variances.
  • Since this is a not-for-profit organization, address why anyone should be concerned with meeting the budget.
  • Make recommendations for what can be done differently to stay on budget for future luncheons. Provide specific examples to support your recommendations.

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