I need help with the budget analysis. The attached excel accounting document that I already calculated and checked by my professor is right. I just can't start with the analysis paper. Please help, it is due tomorrow... Thank you.

ACC 202: Final Project Part II Budget Analysis Submission Jhonaby May B. Van Royen Southern New Hampshire University The purpose of this paper is to analyze budgets. To determine what changes that needs to be made. An analyzed results will help us make a better decisions. Paragraph 1 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss the initial budget process. Paragraph 2 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss the budget variances and potential reasons for variances. Paragraph 3 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss any changes you think the company should make based on the variance analysis. What will the changes accomplish? Paragraph 4 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss any ethical considerations of the changes you have selected based on the variance analysis. Why would you recommend these changes? Paragraph 5 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss the considerations involved in deciding whether to buy a particular component of one of your products or make the product in-house. What factors would you consider? What are the ethical considerations? What implications could this decision have? For each option (i.e., to \"make\" or to \"buy\"), how this will impact the efficiencies of your operations? Paragraph 6 (Delete this heading in your final paper.) Using content from your submissions in Final Project Part I and your readings from Chapters 22, 23, and 25 of your Horngren's text, discuss what suggestions you would make for nonfinancial performance measures that the company should adopt. What are the pros and cons of each? What are the ethical considerations of your suggestions? Explain the significance of each. Conclusion (Delete this heading in your final paper.) The conclusion reminds the reader what your paper is about and allows you to make a final point without introducing new information. Three or four sentences are sufficient. References Nobles, T. L., Mattison, B. L., Matsumura, E. M. (2014). Horngren's financial and managerial accounting (4th ed.). Upper Saddle River, NJ: Pearson Education, Inc. Make sure that you provide appropriate citations in APA style. The text is provided as an example and should be kept in the references for your paper. Feel free to add other resources. Remember to cite ALL the sources that you used to write this papernot only here at the end of your paper, but also within the body to add credibility to your statements. References that you have used should be included in alphabetical order by the author's last name. Peyton Approved Budget Variance Report For the Year Ended ... Actual Results Direct materials variances Cost/price variance Efficiency variance Total direct materials variance Direct labor variances Cost /price variance Efficiency variance Total direct labor variance 240,250 495,000 Static Budget Variance 232,500 (7,750) (7,750) 480,000 33,000 (48,000) (15,000) Favorable/ Unfavorable favorable unfavorable unfavorable favorable unfavorable unfavorable Labor variance actual quantity 33,000 actual cost $ 15.00 495,000 Materials variance standard cost $ 16.00 528,000 33,000 favorable (48,000) unfavorable labor cost/price variance labor efficiency variance Total varianc -15,000 unfavorable actual quantity 31,000 actual cost $ 7.75 240,250 standard cost $ 7.75 240,250 (7,750) favorable materials cost/price variance Total varianc materials efficiency variance 7,750 unfavorable standard quantity 30,000 480,000 standard quantity 30,000 232,500 You are a manager for Peyton Approved, a pet supplies manufacturer. This responsibility requires you to create b the results of operations to determine if changes need to be made to make the company more efficient. You will be preparing a budget for the quarter July through September 2015. You are provided the following info 30, 2015, is: Peyton Approved Budgeted Balance Sheet 30-Jun-15 ASSETS Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Less accumulated depreciation Total assets LIABILITIES AND EQUITY Accounts payable Short-term notes payable Taxes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity All assumptions are new and apply to the July through September budget period. 1. Sales were 20,000 units in June 2015. Forecasted sales in units are as follows: July, 18,000; August, 22,000; Sep product's selling price is $18.00 per unit and its total product cost is $14.35 per unit. 2. The June 30 finished goods inventory is 16,800 units. 3. Going forward, company policy calls for a given month's ending finished goods inventory to equal 70% of the n 4. The June 30 raw materials inventory is 4,600 units. The budgeted September 30 raw materials inventory is 1,98 Each finished unit requires 0.50 units of raw materials. Company policy calls for a given month's ending raw mate month's materials requirements. 5. Each finished unit requires 0.50 hours of direct labor at a rate of $16 per hour. 6. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $1.35 per unit is treated as fixed factory overhead. 7. Monthly general and administrative expenses include $12,000 administrative salaries and 0.9% monthly intere 8. Sales representatives' commissions are 12% of sales and are paid in the month of the sales. The sales manager Specifically, the following critical elements must be addressed when creating an Operating Budget by completing tab below. Step 1: Prepare a Sales Budget Complete the Sales Budget on the Budgets tab below by using the information found in the budgeted balance sh Consider assumption 1 when completing this critical element: Sales were 20,000 units in June 2015. Forecasted s August, 22,000; September, 20,000; October, 24,000. The product's selling price is $18.00 per unit and its total pr You can find an example of a sales budget in Exhibit 22-5 on page 1324 of the textbook. Step 2: Prepare a Production Budget Complete the Production Budget on the Budgets tab below by using the information found in the budgeted balan Consider assumption 1 while completing this critical element: Sales were 20,000 units in June 2015. Forecasted s August, 22,000; September, 20,000; October, 24,000. The product's selling price is $18.00 per unit and its total pr Consider assumption 2 while completing this critical element: The June 30 finished goods inventory is 16,800 uni Consider assumption 3 while completing this critical element: Going forward, company policy calls for a given mo 70% of the next month's expected unit sales. You can find an example of a production budget in Exhibit 22-6 on page 1325 of the textbook. Step 3: Prepare a Manufacturing Budget Complete the Manufacturing Budget on the Budgets tab below by using the information found in the budgeted b budget consists of three parts: the Raw Materials Budget, the Direct Labor Budget, and the Factory Overhead Bu Raw Material Budget Consider assumption 4 while completing this critical element: The June 30 raw materials inventory is 4,600 units inventory is 1,980 units. Raw materials cost $7.75 per unit. Each finished unit requires 0.50 units of raw materials ending raw materials inventory to equal 20% of the next month's materials requirements. Consider units to be produced found in the production budget while completing this critical element. Direct Labor Budget Consider assumption 5 while completing this critical element: Each finished unit requires 0.50 hours of direct lab Consider units to be produced found in the production budget while completing this critical element. Factory Overhead Budget Consider assumption 6 while completing this critical element: Overhead is allocated based on direct labor hours. $1.35 per unit produced. Depreciation of $20,000 per month is treated as fixed factory overhead. Consider units to be produced found in the production budget while completing this critical element. Step 4: Prepare a Selling Budget Complete the Selling Expense Budget. Consider assumption 8 while completing this critical element: 8. Sales representatives' commissions are 12% of s The sales manager's monthly salary is $3,750 per month. Step 5: General and Administrative Expense Budget Complete the General and Administrative Expense Budget. Consider assumption 7 while completing this critical element: 7. Monthly general and administrative expenses in 0.9% monthly interest on the long-term note payable. The following critical elements must be addressed when performing the Budget Variance Analysis using the Budg Worksheet can be found in the Assignment Guidelines and Rubrics folder. The actual quantity of material used was 31,000 with an actual cost of $7.75 per unit. The actual labor hours wer Step 1: Complete A. Develop a variance analysis including a budget variance performance report and appropria overhead. Start with the Labor and Materials Variance tab. Standard costs/quantities come from the raw materials budget and the labor budget. Use Exhibits 23-11 on page 1235 and 23-12 on page 1237 in the textbook as guides. After completing the Labor and Materials Variance tab, transfer variances to the Budget Variance Report tab. Congratulations! You have completed the workbook portion of Final Project Part I. To complete the remainder of the Budge use the Final Project Part I Budget Variance Report Template. The Budget Variance Report Template can be found in the Ass ets, make pricing decisions, and analyze ation. The budgeted balance sheet on June $42,000 259,900 35,650 241,080 578,630 $720,000 240,000 480,000 $1,058,630 $63,400 24,000 10,000 97,400 300,000 397,400 $600,000 61,230 661,230 $1,058,630 mber, 20,000; October, 24,000. The month's expected unit sales. units. Raw materials cost $7.75 per unit. s inventory to equal 20% of the next oduced. Depreciation of $20,000 per month on the long-term note payable. monthly salary is $3,750 per month. e budget templates found on the "Budgets" above. s in units are as follows: July, 18,000; uct cost is $14.35 per unit. sheet above. s in units are as follows: July, 18,000; uct cost is $14.35 per unit. h's ending finished goods inventory to equal nce sheet above. The manufacturing t. e budgeted September 30 raw materials ompany policy calls for a given month's at a rate of $16 per hour. e predetermined variable overhead rate is s and are paid in the month of the sales. de $12,000 administrative salaries and Variance Worksheet. The Budget Variance 3,000 with an actual rate per hour of $15. variances for materials, labor, and ariance Analysis portion of Final Project Part I, ment Guidelines and Rubrics folder. Sales Budget Peyton Approved Sales Budgets July, August, and September 2015 Budgeted Units Jul-15 Aug-15 Sep-15 18,000 22,000 20,000 Total for the first quarter 60,000 Production Budget Peyton Ap Production July, August, and S Next month's budgeted sales Percentage of inventory to future sales Budgeted ending inventory Add budgeted sales Required units to be produced Deduct beginning inventory (Previous month ending inventory) Units to be produced Manufacturing Budget - contains raw materials budget, direct labor budg Peyton Approved Raw Materials Budge July, August, and Septemb July Production budget (units) 16,600 Materials requirement per unit 0.5 Materials needed for production 8,300 Add budgeted ending inventory 2,060 Total materials requirements (units) 10,360 Deduct beginning inventory (previous month ending inventory) 4,600 Materials to be purchased 5,760 Material price per unit 7.75 Total cost of direct material purchases $44,640 Peyton Approved Direct Labor Budget July, August, and Septemb July Budgeted production (units) Labor requirements per unit (hours) Total labor hours needed Labor rate (per hour) Labor dollars 16,600 0.5 8,300 16.00 $132,800 Peyton Approved Factory Overhead Bud July, August, and Septemb July Budgeted production (units) 8,300 Variable factory overhead rate 1.35 Budgeted variable overhead 11,205 Fixed overhead 20,000 Budgeted total overhead $31,205 Selling Expense Budget Peyton Approved Selling Expense Budget July, August, and September 2015 July Budgeted sales Sales commission percent Sales commissions expense Sales salaries Total selling expenses $324,000 August $396,000 12% 12% 38,880 47,520 3,750 3,750 $42,630 $51,270 General and Administrative Expense Budget Peyton Approved General and Administrative Expense Budget July, August, and September 2015 July Salaries Interest on long-term note Total expenses August $12,000 $12,000 2,700 2,700 $14,700 $14,700 ed s ember 2015 Budgeted Unit Price 18.00 18.00 18.00 $18.00 Budgeted Total Dollars $324,000 $396,000 $360,000 $1,080,000 Peyton Approved Production Budget July, August, and September 2015 July August Sept. Total 22,000 20,000 24,000 66,000 70% 70% 70% 70% 15,400 14,000 16,800 46,200 18,000 22,000 20,000 60,000 33,400 36,000 36,800 106,200 16,800 15,400 14,000 46,200 16,600 20,600 22,800 60,000 ls budget, direct labor budget, and factory overhead budget Peyton Approved Raw Materials Budget July, August, and September 2015 August Sept. Total 20,600 22,800 60,000 0.5 0.5 0.5 10,300 11,400 30,000 2,280 1,980 6,320 12,580 13,380 36,320 2,060 2,280 8,940 10,520 11,100 27,380 7.75 ### 7.75 $81,530 $86,025 $212,195 Peyton Approved Direct Labor Budget July, August, and September 2015 August Sept. Total 20,600 22,800 60,000 0.5 0.5 0.5 10,300 11,400 30,000 16.00 ### 16.00 $164,800 $182,400 $480,000 Peyton Approved Factory Overhead Budget July, August, and September 2015 August Sept. 10,300 11,400 ### 1.35 13,905 $15,390 20,000 20,000 $33,905 $35,390 pproved nse Budget September 2015 Sept. Total $360,000 1,080,000 12% 12% 43,200 $129,600 3,750 11,250 $46,950 $140,850 ed Expense Budget ember 2015 Sept. Total $12,000 $36,000 2,700 8,100 $14,700 $44,100 Total 30,000 1.35 40,500 60,000 100,500 Total