Budgetary Analysis HCS 550 March 2‚ 2015 John Dean Budgetary Analysis The United States administers a healthcare program that is nationwide to qualifying individuals who are either disabled or have a low-income. This program is one of the largest contributors for providing health care services for poverty-stricken Americans. It is collectively receives its funding from state governments as well as the federal government. The major responsible party for funding is the state government (“Overview of
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480 (U) Total sale mix variance= $39‚600 (U) (ii) Golf Cart = (22‚000 – 22‚800) x (4‚788/22‚800) x 134 = $22‚512 (U) Mobility vehicle = (22‚000 – 22‚800) x (18‚012/22‚800) x 164 = $103‚648 (U) Total sale quantity variance= $126‚160(U) b. Based on above analysis‚ there are unfavorable total sale mix variance of $39‚600 and unfavorable
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Sub: Finance Question: Calculation of variance of portfolio. Topic: Portfolio management ClassOf1 provides expert guidance to College‚ Graduate‚ and High school students on homework and assignment problems in Math‚ Sciences‚ Finance‚ Marketing‚ Statistics‚ Economics‚ Engineering‚ and many other subjects. Suppose there are three risky assets‚ A‚ B and C with the following expected returns‚ standard deviations of returns and correlation coefficients. E (rA)= 4% E (rB)=5% E (rC) =15% S.DEVA=5%
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Standard Costing and Variance Analysis Formulas: Learning Objective of the article: 1. Learn the formulas to calculate direct materials‚ direct labor and factory overhead variances. This is a collection of variance formulas / equations which can help you calculate variances for direct materials‚ direct labor‚ and factory overhead. 1. Direct materials variances formulas 2. Direct labor variances formulas 3. Factory overhead variances formulas Direct Materials Variances: Materials purchase
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Variances Variances can be either: * Positive/favourable (better than expected) or * Adverse/unfavourable ( worse than expected) A favourable variance might mean that: * Costs were lower than expected in the budget‚ or * Revenue/profits were higher than expected By contrast‚ an adverse variance might arise because: * Costs were higher than expected * Revenue/profits were lower than expected What causes budget variance? There are four key reasons and it is important that
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Cost Variance (CV) indicates how much over or under budget the project is. The Schedule Variance indicates how much ahead or behind schedule the project is. With this information the PM will be able to relay any information to the stakeholders and the status of the project and address and concerns
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Question 1: Prepare a variance analysis report based on the information in Exhibit 1. Would this be sufficient to explain the profit shortfall to Norton at the 8 AM meeting? This revenue variance is positive and favorable. That means they made more than the budget. However‚ the variance amount of expenses was $342‚060‚ which was unfavorable. That means they spent more than what they had budgeted for. The perform a variance analysis report Jenkins calculated would not be sufficient in order to explain
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From: Candidate Subject: New Look Jackets Variance Analyses and Draft Operating Budget Introduction The following report explains the significance and reasons for the variances in New Look Jacket’s 2012 detailed variance report and provides a draft operating budget for 2013. Analysis of Variances The sales price variance is zero‚ meaning the average price New Look Jackets sold products was the same as the budgeted sales price. The sales mix variance is unfavourable for Nylon Jackets and favourable
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BUDGET AND BUDGETARY CONTROL PRACTICES IN THE COLLEGE OF TECHNOLOGY EDUCATION‚ KUMASI 1.0 BACKGROUND OF THE STUDY Universities and colleges need to recognize that they too are businesses (Dr. Brendan Nelson‚ 2002). Investors‚ senior executives and the business community have long sought for ways to better control the companies and enterprises they run. As part of a broader micro-economic reform of the public sector‚ the higher education sector has been targeted for its perceived role for improving
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Limitations of using variance analysis for performance evaluation Variance analysis is the process of examining in detail each variance between actual and standard costs to determine the reasons why budgeted results were not met. Despite the advantages highlighted above‚ there are several limitations that may result in the use of variance analysis for performance evaluation. I. The Barnes Scuba Diving business as a whole The analysis of the results might be imprecise due to overlooking other vital
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