EXPLANATION & BACKGROUND Rylie and Rachel's Dance and Gymnastics Studio (named for my daughter and her favorite babysitter and their epic/legendary dance and gymnastics parties) is the focus of the Part I of the Final Project. The goal of the assignment is to show you how budgeting works over a one year period. You will be given actual figures for several categories of income and expenses for 2015 You will then calculate (based on various inputs) budgeted projections for 2016. After you have those calculations, you will find that the 2016 actual numbers are also included. Using the projections you calculated, you will compare actual performance to estimated performance across various expenses and income and look for variances. Finally, you will be asked to comment on the overall accuracy and business impacts based on the variance analysis. To get started, click on the "Part 1- Annual Budget Details" tab at the bottom and follow the instructions. When you are finished, you can come back to the annual budget summary to see "big picture" results. When finished with Part I, move to Part I. Submit the completed file once Parts I and ll are complete and your work has been saved. EXPLANATION & BACKGROUND Rylie and Rachel's Dance and Gymnastics Studio (named for my daughter and her favorite babysitter and their epic/legendary dance and gymnastics parties) is the focus of the Part I of the Final Project. The goal of the assignment is to show you how budgeting works over a one year period. You will be given actual figures for several categories of income and expenses for 2015 You will then calculate (based on various inputs) budgeted projections for 2016. After you have those calculations, you will find that the 2016 actual numbers are also included. Using the projections you calculated, you will compare actual performance to estimated performance across various expenses and income and look for variances. Finally, you will be asked to comment on the overall accuracy and business impacts based on the variance analysis. To get started, click on the "Part 1- Annual Budget Details" tab at the bottom and follow the instructions. When you are finished, you can come back to the annual budget summary to see "big picture" results. When finished with Part I, move to Part I. Submit the completed file once Parts I and ll are complete and your work has been saved