based off the information in the first 2 photos. I need help with the last photos questions. A,B,C. please no answers based off textbooks. i cannot copy solutions that are based off of plagarism.

The flexible budget performance report shows that the overall adverse spending variance represents a very small portion of the total cost. This would suggest the spending is within control. Civen the pattems of doviations that suggests competent management, wo would bo satisfied with how effectively costs were handled if we were on the boafd of directors. Though there are many unfavorable spending variances, the only ones that would benefit from review are the actor's and director's foe as it is the largest cost calegory and the largest spending variance. Minimizing costs here would shrink this specific spending variance and in turn the total spending variance. Another cost catogory that should be reviewed is qublicity, because it has the highest proportionate spending variance (spending variance divided by the total cost). Better predicting this cost on future budget reports will help minimize the difference in between the faxble budget and the actual costs, therfore minimizing the lslihood of an untavorable total spending variance. Desplte many unfovorable spending variances, the positive variations in theatre hall rent and administrative expenses help to offset the negative fluctuations. If the negative variations continue to decrease in future periods, managment should bo awarded. 2. Board of Directors. The fexible budget performance report shows that the cveral adverse spending variance represents a very small portion of the total cost. This would suggest the spending is within control. Given the pattems of deviations that suggests competont management, we would be satisfied with how ethectively costs were handed ir we were cn the beard of directors. Though there aro many unfavorable spending varlances, the only ones. that would beneft from review are the actor's and director's foe as it is the largost cost calegory and the largost spending variance. Minimiring costs here would shrink this specife spending variance and in tum the total spending varianoe. Another cost category that should be feviewed is publily, becacse it has the highest proporionate spending variance (spending variance divided by the total cost). Better predicting this cost on future budget reports will help minimze the difference in between the flexble budget and the actual costs, therfore minimizing the likfihood of an unfavorable total spending varlance. Desple many unfavorable spending variances, the positve variations in theatre hall rent and administrative expenses help to olfset the negative fluctuations. If the negative variations continue to decrease in future periods, managment should be gwarded 3- Cost Forinulas If this flex budget report were to be utiized to predict future costs, we feel that it would be gencrally olhcient, however we believe that these cost formulas woild be more accurate predicting some future costs father than others. When determining the costs of an additional performance of a perticular production (specifcaly from a pre-exiaking peoduction), wo feel these numbers would be highly accurate. Because it is likely that the costs would not change signicandy for an adstional performance the numbers and cost formulas would bo able to accurately be able to deternine a budget with the information already reported. Wherearess when peedicting the costs for an entirely new production, wo are healtant to say that the cont formulas reported above would be highy acourate. I this fex budget was to be used to determine costs of a new thioduction. then the activify and speinding variances could be much larger or smaller than dopicted in the current roport. This would be caused by highly varlable cost categories such as scenery, costurnes, and props, as well as publicily, and wages. Because each production requires very different and less predictable ameunts of materials and labor, their coste vary significantly. Using the same facts and circumstances outlined in the original Group Project - Part 2 assignment, submit the flexible budget for requirement 1 along responses to the below questions. Assume the following additional information to answer the below questions (please write 2-3 concise and clear sentences in response to each question). After the end of the year, the stage manager submitted several additional invoices totaling $15,000 for props from the prior year productions to the accounting manager. When the accounting manager asked why they weren't previously submitted he stated that he knew he was already over budget and didn't want to make it worse, so he held these invoices with hope they could just go into the next year's budget. A) If these invoices were recorded in the proper period how would that impact the spending variance last year? B) Why is it important to record the invoices in the proper period? C) How would you handle the error? What would you say to the board? What would you say to the stage manager