FOR BAKERY

Budget: (1-2 pages)

Build a budget plan for the first 2 years of production

Conduct a variance analysis

(15% 1-2 pages) Build a budget for the first two (2) years of production and conduct a variance analysis: first build a budget that is based on an estimation of the costs for the projected quantities of outputs. Then, describe two potential divergences (i.e. shocks to sales, prices, costs, demand, supply, etc.) from the planned budget.