(Solved): Does the variance report reflect the actual performance of Janice Young and the central kitchen? W ...
Does the variance report reflect the actual performance of Janice Young and the central kitchen? Why or why not?
Prepare a more useful variance analysis, and include it with your financial analysis. Your analysis should include the total budget variance as well as its price/rate/spending and quantity/efficiency component. The following format might be helpful:
|
Account |
Actual cost |
Flexible budget |
Total Budget Variance |
Price/Rate Variance |
Qty/Efficiency Variance |
|
Dough |
$315.00 |
|
|
|
|
|
Filling/spices |
$1,050.00 |
|
|
|
|
|
Grouper fish |
$5,460.00 |
|
|
|
|
|
Direct labor |
$2,337.50 |
|
|
|
|
|
Variable OH |
$1,893.00 |
|
|
|
|
|
Total |
$11,055.50 |
|
|
|
|
what does your report suggest about the various aspects of Janice’s performance in the centralized kitchen?).
are some variances more worrisome than others, what might have caused the variances, etc.
Expert Answer
Part a) No, the variance report does not reflect the actual performance of Janice