Competency 1 Assessment
Managerial Accounting and Financial Statement
Analysis
University of Phoenix
ACCCB/543: Managerial Accounting And Legal
Aspects of Business
Comfort Chevannes
8/3/2025
, Budget Variance Analysis
Objective
▪ Review the results of the Sales
Volume & Variable Cost
Volume Variance
▪ Between Master Budget &
Flexible Budget
▪ Review the results of the
Flexible Budget Variances
▪ Based on the Flexible Budget
and Actual Results
▪ Present Favorable versus
Unfavorable
▪ Making recommendations to
stay on budget for future
luncheons.
Managerial Accounting and Financial Statement
Analysis
University of Phoenix
ACCCB/543: Managerial Accounting And Legal
Aspects of Business
Comfort Chevannes
8/3/2025
, Budget Variance Analysis
Objective
▪ Review the results of the Sales
Volume & Variable Cost
Volume Variance
▪ Between Master Budget &
Flexible Budget
▪ Review the results of the
Flexible Budget Variances
▪ Based on the Flexible Budget
and Actual Results
▪ Present Favorable versus
Unfavorable
▪ Making recommendations to
stay on budget for future
luncheons.