Assignment 3 - As needed, round all of your final answers...

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The University of Texas at Austin McCombs School of Business, Business Foundations Program ACC 310F: Foundations of Accounting Assignment 3 Once you have completed the assignment below, you must enter your answers on the answer sheet provided in the Assignments section of Blackboard; not all answers will be turned in. Although you can “Save” your answers while working, you must “Submit” them to get credit for the assignment. Once submitted, your answers cannot be changed. Where appropriate, partial credit will be given. Your answer sheet is due by 8am on April 14, 2011; print or save your confirmation page to verify that your assignment was successfully submitted. Part A Use the information related to Red River Foods included in the class notes for chapters 10 and 11 as well as the information discussed in class to prepare a static budget report for sales and a flexible budget report for production.
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Unformatted text preview: As needed, round all of your final answers to the nearest whole dollar; use a positive number to indicate a favorable variance and a negative number to indicate an unfavorable variance. Part B Various cost data for the Bookcases Unlimited is available below. Executive management is trying to assess the performance of Bob Morris, the companys Manager of Production. Required a) Prepare a performance report using a flexible budget for the manager of production, Bob Morris. As needed, round all of your final answers to the nearest whole dollar; use a positive number to indicate a favorable variance and a negative number to indicate an unfavorable variance. b) Comment on his overall results and speculate on what may have caused two of the differences....
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This note was uploaded on 09/13/2011 for the course ACC 310F taught by Professor Verduzco during the Spring '07 term at University of Texas at Austin.

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