What should I include in the following?

Prepare internal memo addressed to the CFO, Michelle Winters. In this memo, you will explain the following associated with each variance:

Causes or drivers of the variance

Other departments or employees that you consulted for information

Any plans to adjust or combat these variances moving forward

You are encouraged to be creative with this part of the assignment as there is no single right or wrong answer; numerous factors can drive the variances at any given company. You'll just be looking for logical explanations and suggestions for management and/or operations moving forward to improve these variances for future accounting periods.