Activity: As a manager, it is essential to have input in preparing budgets for an organization. When evaluating the results, management would compare a flexible budget to actual. Activity levels will vary in a retail organization and the evaluation process should consider the impact of varying levels of activity on the variance. Significant variance should be investigated and considered for future budget planning. Requirements: 1. Use this Excel file template in MS Excel or Google Sheets, save an editable copy to your Google Drive, and use the information above to complete the variance amounts for each line item and indicate whether they are favorable or unfavorable. 2. Save and download the file as an Excel file 3. In 2 or 3 sentences, discuss the possible reasons for some of the variance. Again, no separate Word document is needed; this may be typed in the comment box within Canvas before submitting the assignment. 4. Submit your assignment file through Canvas, and you are done! **Estimated time to complete -30 minutes See the video if you need guidance, or you may always search Excel or Google Sheets features on Youtube.

As a manager, it is essential to have input in preparing budgets for an organization. When evaluating the results, management would compare a flexible budget to actual. Activity levels will vary in a retail organization and the evaluation process should consider the impact of varying levels of activity on the variance. Significant variance should be investigated and considered for future budget planning. Requirements: 1. Use this Excel file \& template in MS Excel or Google Sheets, save an editable copy to your Google Drive, and use the information above to complete the variance amounts for each line item and indicate whether they are favorable or unfavorable. 2. Save and download the file as an Excel file 3. In 2 or 3 sentences, discuss the possible reasons for some of the variance. Again, no separate Word document is needed; this may be typed in the comment box within Canvas before submitting the assignment. 4. Submit your assignment file through Canvas, and you are done! "Estimated time to complete -30 minutes See the video if you need guidance, or you may always search Excel or Google Sheets features on Youtube