Case_study_11_Nanotech Inc

Performance report using the current format and then

This preview shows page 1 - 2 out of 2 pages.

Performance Report using the current format and then re-doing the figures for 2010 in a new format Then discuss what additional information would now be available in order to better explain the difference between budget income and actual income. 2. Using your proposed format, provide a reconciliation between Static budget operating income and Actual Op. Income including specific explanations why the actual operating income was different from the budgeted operating income (to demonstrate that your proposed format does in fact allow you to provide more detailed explanations).. 3. Prepare variance diagrams or a summary report for all manufacturing cost variances and show a total for all variable mfg. variances and as well as the fixed mfg. variances. 4. Show how the variable and fixed variances for manufacturing costs on the new Performance Report format tie into the total of the variable manufacturing variances and the
Image of page 1

Subscribe to view the full document.

budget variance for fixed manufacturing overhead in your variance diagrams or report. Use shading on your schedules to link the appropriate variance totals on the various schedules. (Note: One variance will not tie in. This is the fixed MO volume variance which is not considered a budget variance and does not appear on the Perf. Report. ) 5.
Image of page 2
You've reached the end of this preview.
  • Winter '12
  • Farrar
  • Revenue, ........., Overhead information, Nanotech Inc.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern