acc 501 case and slp 4 cev
Order Description
Module 4 – Case Writer please write 3 pages for this assignment, also this is what the profesor said that you did wrong in case 3:Class 3 Assignment
Comments:
— The net impact will be 550K loss to the company.
— Analysis paper mostly describes how the computations were done. Students should be able to interpret the results and make recommendations accordingly.
— Essay too does not cover the required concepts.
Budgeting, Variance Analysis, and Performance Evaluations
Case Assignment
T&P Fashion Shops
T&P Fashion Shops is a new chain that operates 10 stores in major malls throughout the United States. Each store manager is responsible for preparing a flexible budget for the store. T&P
headquarters accumulates and analyzes the information for each store and in the aggregate.
Below follows some cost estimates for the Houston store.
T&P Fashions
Flexible Budget Information
Expense
Fixed
Variable
Cost of sales
$210,000
40%
$740,000
Management
27,000
12%
186,000
Shop assistants
162,000
8%
268,000
Rent
13,200
5%
54,450
Utilities
34,800
34,800
$447,000
$1,283,250
Additional information
The sales forecast for the year is $1,400,000.
Variable expenses are based on revenues. Do note that percentage clause for rent only kicks in above $500,000 in sales.
Other expenses are all specific to this store. Headquarters pay for marketing and corporate overhead expenses.
T&P wants to see a flexible budget based on the sales forecast, including estimates for sales being 10% below budget and 10% above budget.
Actual results
T&P Fashions
Actual Results from Operations
Revenues
$1,325,000
Cost of sales
790,000
Management
208,000
Shop assistants
230,000
Rent
58,200
Utilities
31,000
Operating profit
$7,800
Required:
Computations (use Excel)
Prepare a flexible budget in good format.
Compute the flexible variances and indicate whether favorable or unfavorable.
Headquarters are contemplating charging each store a 5% marketing expense based on sales. How will that affect the operating profit of the store and the money available for managerial bonuses based
on actual results for the past year? Summarize the information in the table.
Memo (use Word)
Write a 4- or 5-paragraph memo to the division manager explaining the flexible budget variances; how to interpret the information; and what action, if any to take. Comment on the 5% marketing
proposal too. Start with an introduction and end with a recommendation. Each of the four or five paragraphs should have a heading.
Short Essay (use Word) Start with an introduction and end with a summary or conclusion. Use headings.
Discuss how to interpret static and flexible budget variances. How is the information useful in general?
What are the benefits of variance analysis? How can such analysis be detrimental rather than beneficial to the organization?
Assignment Expectations
Each submission should include two files: (1) An Excel file; and (2) A Word document. The Word document shows the memo first and short essay last. Assume a knowledgeable business audience and use
required format and length. Individuals in business are busy and want information presented in an organized and concise manner.
Module 4 – SLP ( Writer: Please write 2 pages for this assignmenr, also this is what the profesor said that you did wrong in case 3:Comments:
** SLPs are organization/product specific. It is not clear what the organization looks like at present. What changes do you suggest?
** Ref to TAB on page number 2 seems to be not connected to this assignment.
writer: this slp assignment is a 2 page assignment on a company that you made up on case 1 and 2, you wrote case 3 this assignment on Nike, the company name you wrote about in case 1 and 2 is
Marshall
Budgeting, Variance Analysis, and Performance Evaluations
Fourth and final part of the presentation. See background information for the module one SLP.
Required:
Include the following items in your presentation.
Performance measures. It is important to measure success of the organization and its managers.
Suggest performance measures for
divisions, product lines, etc.
managers
Comment on the measures selected and explain how they foster goal congruence for the organization and employees.
SLP Assignment Expectations
Submit a Power Point presentation or a Word Document. A Power Presentation should have no more than six slides and a Word document cannot exceed two pages. Use words, tables, and graphs to make a
succinct presentation. Document all sources and provide links at the end. It is acceptable to add another slide or page to list the sources.

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