This event gives students the opportunity to practice analysis of variance for the annual operational plan with flexible budgeting skills. First, the static budget bent to accommodate changes in production volumes. Then, the actual results are compared with the flexed budget and analyzed on the product price, performance, and other abnormalities. In addition, the case allows for a discussion of how the flexible budget can be used for decision-making, and how different compensation structures may affect the financial results. "Hide
by Mark E. Haskins, Liz Smith, Kristy Lilly Source: Darden School of Business 4 pages. Publication Date: August 22, 2003. Prod. #: UV1712-PDF-ENG
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