Static Budget Report

I don’t know how to handle this Accounting question and need guidance.

For this Assignment, review the Static Budget Report posted in the entry titled Week 2 Assignment. Additionally, you may find valuable information in your course text, especially Exercise 6-3.

The Assignment:

• Part 1: Prepare a performance report using spreadsheet software, such as Excel. Hint: Read the Weekly Briefing and watch the Performance Report video on this topic.
• Part 2: For the next section of this Assignment, please utilize a word processing software (such as Word) to complete the following:
  • Write a short memo to your supervisor explaining your findings and your recommendations.
  • In your memo, as part of your recommendations, take a position on the following: Do all the variances in this example need to be examined? Why or why not?

References

Zimmerman, J. L. (2011). Accounting for decision making and control (7th ed.). New York, NY: McGraw-Hill.

• Chapter 6, “Budgeting” (pp. 229–301)

Shastri, K., & Stout, D. E. (2008). Budgeting: Perspectives from the real world. Management Accounting Quarterly, 10(1), 18–25.

Laureate Education (Producer). (2014). Performance report [Multimedia file]. Baltimore, MD: Author. http://mym.cdn.laureate-media.com/2dett4d/Walden/W…