WU Analyzing the Performance Report Preparing a Flexible Budget

USING ACCOUNTING INFORMATION FOR DECISION MAKING—PERFORMANCE REPORT AND THE BALANCED SCORECARD

For this Assignment, you will continue in your role of a consultant to provide information about using accounting information for decision making to a fictional organization so it can better prepare for the future. Last week, you submitted the first of two reports on financial information and budgeting. This week, you will submit the second report, which will focus on performance reports and balanced scorecards.

In addition to the requirements that follow, be sure to incorporate into your report references to appropriate academic sources, such as those found in this week’s Learning Resources or those in the Walden Library.

RESOURCES

Be sure to review the Learning Resources before completing this activity.Click the weekly resources link to access the resources. 

WEEKLY RESOURCES

To prepare for this Assignment:

Download the Week 2 Part 1 Assignment Template.

Download the Week 2 Part 2 Assignment Template.

Your Instructor will provide part of the data to complete the calculations for this week’s Assignment. To access that information, refer to

Doc Sharing

.

Week 2 Assignment Data
AMcarParts, Inc.
Performance Report
For month ending June 20xx
Production in Number of Assemblies
Costs:
Indirect Labor
Supplies
Utilities
Total
© 2022 Walden University, LLC
Budget
Actual
Variance
50000.00
55000.00
-5000.00
Favorable
(F) or
Unfavorable
(U)
F
$ 125,500.00
$ 225,000.00
$ 119,000.00
$ 469,500.00
$ 130,600.00
$ 239,750.00
$ 131,500.00
$ 501,850.00
$ 5,100.00
$ 14,750.00
$ 12,500.00
$ 32,350.00
U
U
U
U
Page 1 of 1
Week 2 Assignment:
Using Accounting Information for Decision Making— Performance
Report and the Balanced Scorecard
Prepared by: Replace this text with your name.
Date: Replace this text with the submission date.
Walden University
WMBA 6050: Accounting for Management Decision Making
Page 1 of 4
Analyzing the Performance Report—Preparing a Flexible
Budget
Replace this text with introductory information. Add or remove headings as necessary.
[Heading]
Insert your performance report from Excel. Add or remove headings as necessary.
For information on inserting data from Excel into Word, refer to the following:
Microsoft. (n.d.). Insert a chart from an Excel spreadsheet into Word.
https://support.microsoft.com/en-us/office/insert-a-chart-from-an-excel-spreadsheetinto-word-0b4d40a5-3544-4dcd-b28f-ba82a9b9f1e1
[Sub-Heading]
Replace or remove this text. Add or remove headings as necessary.
Page 2 of 4
The Balanced Scorecard
Replace this text with introductory information. Add or remove headings as necessary.
[Heading]
Replace or remove this text. Add or remove headings as necessary.
[Sub-Heading]
Replace or remove this text. Add or remove headings as necessary.
Page 3 of 4
References
[Please delete this note before submitting your Assignment. For more information about
formatting your reference list, please visit the following site:
https://academicguides.waldenu.edu/writingcenter/apa/references.]
Include appropriately formatted references to support your Assignment. Refer to the
Assignment guidelines for further information on the requirements.
Page 4 of 4
Performance Report
For month ending June 20xx
Manufacturing Overhead Costs
Indirect Labor
Supplies
Utilities
Total
$
I
II
III
Static Budget
Actual
Variance (II–I)
–
$
–
$
$
$
$
–
nce Report
ding June 20xx
IV
Favorable (F)
or Unfavorable
(U)
V
Flexible Budget
Variance (II–IV)
$
$
$
$
$
–
Favorable (F)
or Unfavorable
(U)
–