Would someone be able to help me with my accounting final part 2. I'm having trouble starting the paper and its due tomorrow. here are the documents related to the assignment. plus not to make excuses..but in the military and work has been really crazy this week.

(REMEMBER: DELETE EVERYTHING THAT APPEARS IN RED.) Please review the Final Project Part II Rubric (budget analysis) to see how your paper will be scored. Be sure to follow APA format when providing references. If you have questions on APA format, you can check the Purdue OWL website or seek help from the SNHU Writing Center. Notes on APA in a Formal Assignment Set margins to 1 inch all around. Use 12-point Times New Roman font and make sure to double-space. Paragraphs should be at least three to four sentences. Do not include the headings ?Introduction? and ?Conclusion.? These are included below to help you lay out your paper. APA format assumes that the introduction begins the paper, the body continues the paper, and the conclusion wraps up the paper, so those headings are not needed. Indent the first line of every paragraph 0.5?. Be careful not to use personal pronouns such as ?I.? Make sure to delete the Paragraph 1, Paragraph 2, etc. headings as well. Be sure to replace all the text in red on this template with your own writing. (This entire first page can be deleted after you review the suggestions. The paper should begin with your title page that follows.) ACC 202: Final Project Part II Budget Analysis Submission Your Name Southern New Hampshire University (REMEMBER: DELETE EVERYTHING THAT APPEARS IN RED.) Introduction (Delete this heading in your final paper.) In your opening paragraph, very briefly introduce the purpose of your paper. Recall that you will be discussing the budget process, ?make? or ?buy? decisions, and nonfinancial performance measures as explained in your rubric instructions. Three or four sentences are sufficient. 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 paper?not 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 Static Budget Variance Favorable/ Unfavorable 240,250 240,250 480,500 240,250 232,500 472,750 - None 7,750 Unfavorable 7,750 Unfavorable 495,000 528,000 1,023,000 528,000 480,000 1,008,000 33,000 Favorable 48,000 Unfavorable 15,000 Unfavorable Labor variance actual quantity 33,000 actual cost $ 15.00 $ 495,000 standard quantity 30,000 standard cost $ 16.00 $ 528,000 $ $ 33,000 Favorable $ (48,000) Unfavorable Labor cost/price Variance 480,000 Labor efficiency Variance Total Variance $ (15,000) Unfavorable Materials variance actual quantity 31,000 actual cost $ 7.75 $ 240,250 $ - 240,250 $ None $ (7,750) Unfavorable Material Price Variance Material Quantity Variance Total Variance standard quantity 30,000 standard cost $ 7.75 $ (7,750) Unfavorable 232,500 You are a manager for Peyton Approved, a pet supplies manufacturer. This responsibility requires you to create budgets, make pricing decisions, and analyze 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 2014. You are provided the following information. The budgeted balance sheet at June 30, 2014, is: Peyton Approved Budgeted Balance Sheet 30-Jun-15 ASSETS Cash $42,000 Accounts receivable 259,900 Raw materials inventory 35,650 Finished goods inventory 241,080 Total current assets 578,630 Equipment $720,000 Less accumulated depreciation 240,000 480,000 Total assets $1,058,630 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 $63,400 24,000 10,000 97,400 300,000 397,400 $600,000 61,230 661,230 $1,058,630 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; September, 20,000; October, 24,000. The sales price per unit is $18.00 and the total product cost is $14.35 per unit. 2. The June 30 finished goods inventory is 16,800 units. 3. Company policy calls for a given month's ending finished goods inventory to equal 70% of the next month's expected unit sales 4. The June 30 raw materials inventory is 4,600 units. The budgeted September 30 raw materials inventory is 1,980 units. Raw materials cost $7.75 per unit. Each finished unit requires 0.50 units of raw materials. Company policy calls for a given month's ending raw materials inventory to equal 20% of the next 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 units of production. The predetermined variable overhead rate is $1.35 per unit produced. Depreciation of $20,000 per month is treated as fixed factory overhead. 7. Monthly general and administrative expenses include $12,000 administrative salaries and 0.9% monthly interest on the long-term note payable. 8. Sales commissions are 12% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3,750 per month. Specifically, the following critical elements must be addressed when creating an Operating Budget by completing the budget templates found on the "Budgets" tab below. Step 1: Prepare a Sales Budget Complete Part A - Sales Budget, on the budget tab below by using the information found in the budgeted balance sheet above. Consider assumption 1 while completing this critical element: Sales were 20,000 units in June 2015. Forecasted sales in units are as follows: July, 18,000; August, 22,000; September, 20,000; October, 24,000. The sales price per unit is $18.00 and the total product cost is $14.35 per unit. You can find an example of a sales budget in Exhibit 22-5 on page 1324. Step 2: Prepare a Production Budget Complete Part C - Production Budget on the budget tab below by using the information found in the budgeted balance sheet above. Consider assumption 1 while completing this critical element: Sales were 20,000 units in June 2015. Forecasted sales in units are as follows: July, 18,000; August, 22,000; September, 20,000; October, 24,000. The sales price per unit is $18.00 and the total product cost is $14.35 per unit. Consider assumption 2 while completing this critical element: The June 30 finished goods inventory is 16,800 units. Consider assumption 3 while completing this critical element: Company policy calls for a given month's ending finished goods inventory to equal 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. Step 3: Prepare a Manufacturing Budget Complete Part E - Manufacturing Budget on the budget tab below by using the information found in the budgeted balance sheet above. The manufacturing budget consists of three parts, the Raw Materials Budget, the Direct Labor Budget, and the Factory Overhead Budget. Raw Material Budget Consider assumption 4 while completing this critical element: The June 30 raw materials inventory is 4,600 units. The budgeted September 30 raw materials inventory is 1,980 units. Raw materials cost $7.75 per unit. Each finished unit requires 0.50 units of raw materials. Company policy calls for a given month's 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 labor at a rate of $16 per hour. 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 units of production. The predetermined variable overhead rate is $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 Part G - Selling Expense Budget. Consider assumption 8 while completing this critical element: Sales commissions are 12% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3,750 per month. Step 5: General and Administrative Expense Budget Complete Part I - General and Admin Expense Budget. Consider assumption 7 while completing this critical element: Monthly general and administrative expenses include $12,000 administrative salaries and 0.9% monthly interest on the long-term note payable. Specifically, the following critical elements must be addressed when performing the Budget Variance Analysis using the budget variance worksheet The actual quantity of material used was 31,000 with an actual cost of $7.75 per unit. The actual labor hours were 33,000 with an actual rate per hours of $15. Step 1: Complete A. Develop a variance analysis including a Budget Variance performance report and appropriate variances for materials, labor, and overhead. Start with the Labor and Materials variance tab. Standard costs/quantities come from raw materials budget and the labor budget. Use Exhibits 23-11 on page 1416 and 23-12 on page 1419 as guides. After completing the Labor and Materials variance tab, transfer variances to Budget Variance Report tab. Congratulations! You have completed the workbook portion of your Final Project Part I. To complete the discussion portion of Final Project Part I, complete the Final Project Part I Student Discussion document. ACC 202 - Peyton Approved Sales Budget Part A - Sales Budget Peyton Approved Sales Budgets July, August, and September 2015 Projected Months Budgeted Units Budgeted Unit Price Budgeted Total Dollars July-15 18000 $ 18.00 $ 324,000.00 August-15 22000 $ 18.00 $ 396,000.00 September-15 20000 $ 18.00 $ 360,000.00 Total for the first quarter 60000 $ 18.00 $ 1,080,000.00 Part B - Production Budget Peyton Approved Production Budget July, August, and September 2015 Jul. Next month's budgeted sales Aug. Sept. Total 22000 20000 24000 70% 70% 70% Budgeted ending inventory 15400 14000 Add budgeted sales 18000 Required units to be produced 46200 Next month's sales x % of inventory to future sales 22000 20000 60000 Also known as Budgeted Units from first chart. 36000 36800 106200 (15,400) (14,000) (46,200) 16600 Units to be produced 16800 (16,800) Deduct beginning inventory Sales from the next month. 33400 Percentage of inventory to future sales 66000 20600 22800 60000 Previous month's ending Inventory Part C- Manufacturing budget - contains raw materials budget, direct labor budget, and factory overhead budget Peyton Approved Raw Materials Budget July, August, and September 2015 Jul. Production budget (units) Aug. Sept. Total 16600 20600 22800 Materials requirement per unit 0.50 0.50 0.50 Materials needed for production 8300 10300 11400 Add budgeted ending inventory 60000 Total from Row 26 Half of production budget 30000 Materials Requirment % x Production Budget = Materials needed for Production (20% of next months required materials) 2060 12580 13380 36320 Materials needed for Production + Budgeted Ending Inventory (2,060) (2,280) (8,940) Previous month's ending Inventory 5760 Materials to be purchased 6320 (4,600) Deduct beginning inventory 1980 10360 Total materials requirements (units) 2280 10520 11100 27380 Total Material Requirments - Beginning Inventory (Production cost of each Item) Material price per unit $ 7.75 $ 7.75 $ 7.75 $ 7.75 Total cost of direct material purchases $ 44,640.00 $ 81,530.00 $ 86,025.00 $ 212,195.00 Materials to be Purchased x material price per unit Peyton Approved Direct Labor Budget July, August, and September 2015 Jul. Budgeted production (units) Aug. Sept. Total 16600 20600 22800 Labor requirements per unit (hours) 0.50 0.50 0.50 Total labor hours needed 8300 10300 60000 11400 Total from Row 26 Required hours of Direct Labor 30000 Labor rate (per hour) $ 16.00 $ 16.00 $ 16.00 Labor dollars $ 132,800.00 $ 164,800.00 $ 182,400.00 $ 16.00 $ Budgeted Production x Labor Requirments (What employees make per hour) 480,000.00 Total Labor hours needed x Labor Rate Peyton Approved Factory Overhead Budget July, August, and September 2015 Jul. Budgeted production (units) Aug. Sept. Total 16,600 20,600 22,800 ### $ 60,000 1.35 Total from Row 26 Predetermined variable overhead rate per unit Variable factory overhead rate $ 1.35 Budgeted variable overhead $ 22,410.00 $ 27,810.00 $ 30,780.00 $ 81,000.00 Budgeted production x Vaiable overhead rate Fixed overhead $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 60,000.00 Depreciation Budgeted total overhead $ 42,410.00 $ 47,810.00 $ 50,780.00 $ 141,000.00 Budgeted variable overhead + Fixed overhead Part D - Selling Expense Budget Peyton Approved Selling Expense Budgets July, August, and September 2015 Jul. Budgeted sales $ Aug 324,000.00 Sales commission percent $ Sept. 396,000.00 12% $ Total 360,000.00 12% $ 1,080,000.00 Totals from Part A Column G Sales Rep. Commissions are 12% of the sales 12% Sales commissions expense $ 38,880.00 $ 47,520.00 $ 43,200.00 $ Sales salaries $ 3,750.00 $ 3,750.00 $ 3,750.00 $ 11,250.00 Total selling expenses $ 42,630.00 $ 51,270.00 $ 46,950.00 $ 140,850.00 129,600.00 Bugeted Sales x Sales Commission % Sales Manager's Monthly Salary Sales Commissions + Sales Salaries Part E - General and Admin Expense Budget Peyton Approved General and Administrative Expense Budgets July, August, and September 2015 Jul. Aug. Sept. Total Salaries $ 12,000.00 ### $ 12,000.00 $ 36,000.00 Interest on long-term note $ 2,700.00 ### $ 2,700.00 $ 8,100.00 Total expenses $ 14,700.00 14,700.00 $ 14,700.00 $ 44,100.00 $ General and Administrative Expenses (Monthly Interest .9%) $300,000 x 0.9% = $2,700 Salary + Interest Total ACC 202: Final Project Part I Budget Variance Report Submission Southern New Hampshire University The purpose of this paper is to explain and compare the Peyton Approved operating budget with that of the actual results. This paper also deals with the breakdown of the variance analysis. The conclusion of this paper explains the reasons of the variances whether favorable or unfavorable. In this assignment an operating budget and variance analysis were created. Before discussing the results of these two projects both will be explained as to what they are. An operating budget is \"a detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period (usually one year)\" [ CITATION Web16 \\l 1033 ]. For the Peyton Approved operating budget the projection of sales, production, manufacturing, sales, and general and administrative expense budgets were prepared. The budget was prepared for one quarter of the year based off the balanced budget sheet for June and other information given to the preparer. Once the operating budget was prepared a variance analysis was created. A variance analysis is \"the difference between an expected or planned amount and an actual amount\" [ CITATION Har16 \\l 1033 ]. When preparing a budget variance it is considered favorable if the amount that was made (revenue) is greater than what was spent (expenses). A budget analysis is when the actual amounts are compared to the budgeted amounts. The next part of the paper consists of a breakdown of the variance analysis. Peyton Approved Budget Variance Report 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 [ CITATION Bri16 \\l 1033 ] Static Budget Variance Favorable/ Unfavorable 240,250 240,250 480,500 240,250 232,500 472,450 7,750 7,750 None Unfavorable Unfavorable 495,000 528,000 1,023,000 528,000 480,000 1,008,000 33,000 48,000 15,000 Favorable Unfavorable Unfavorable Above is the budget variance report in relation to the Peyton Approved operating budget. The information in this chart indicates that Peyton Approved had an unfavorable variance for both its materials and labor budgets. The breakdown of each part of the variances is as follows. For the direct materials variance there are two factors that contribute to the total, they are the cost to price variance and the efficiency variance. In the material cost to price variance the actual budget to static budget ended up with the variance being 0, this shows that the company was efficient in managing how much was spent on materials per item made. While the company was able to have neither a favorable or unfavorable outcome for the cost to price variance, the efficiency variance ended up being unfavorable with a difference of $7,750. This means that the company went $7,750 over budget. For the total material cost variance there was an unfavorable outcome due to the fact that the company ended up spending $7,750 over the estimated budget of $472,450. Now the direct labor budget will be analyzed. In the labor cost to price variance the actual budget to static budget ended up being $33,000 under budget. This means that this was a favorable outcome for the company and that less money was spent on labor rates than was anticipated. While this is great for the company the labor efficiency variance ended up being $48,000 over budget which is unfavorable and shows that the company was inefficient in utilizing the labor department. For the total direct labor variance there was an unfavorable outcome, this is because despite being $33,000 under budget the efficiency was over by $48,000 leaving the company still $15,000 over the expected $1,008,000 that was budgeted. In regards to the variance analysis it can be concluded that the company is far below standards. Sometimes the operating budget and variance analysis is the only way for a company to know if it's running efficiently. In this case though it is obvious that the company is lacking in its ability to run efficiently. There is a large waste in resources that needs to be investigated whether it is from poor management, machines not working up to standards, or poor working conditions and facilities. No matter what the reason is, action needs to be taken to fix it. References Averkamp, H. (2016). What is variance analysis? . Retrieved from Accountingcoach.com: http://www.accountingcoach.com/blog/what-is-variance-analysis Blazek, B. (2016). Peyton Approved OperatingBudget and Variance Worksheet. 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. WebFinance, Inc. (2016). What is operating budget? definition and meaning. Retrieved from Business Dictionary.com: http://www.businessdictionary.com/ (REMEMBER: DELETE EVERYTHING THAT APPEARS IN RED.) Please review the Final Project Part II Rubric (budget analysis) to see how your paper will be scored. Be sure to follow APA format when providing references. If you have questions on APA format, you can check the Purdue OWL website or seek help from the SNHU Writing Center. Notes on APA in a Formal Assignment Set margins to 1 inch all around. Use 12-point Times New Roman font and make sure to double-space. Paragraphs should be at least three to four sentences. Do not include the headings \"Introduction\" and \"Conclusion.\" These are included below to help you lay out your paper. APA format assumes that the introduction begins the paper, the body continues the paper, and the conclusion wraps up the paper, so those headings are not needed. Indent the first line of every paragraph 0.5\". Be careful not to use personal pronouns such as \"I.\" Make sure to delete the Paragraph 1, Paragraph 2, etc. headings as well. Be sure to replace all the text in red on this template with your own writing. (This entire first page can be deleted after you review the suggestions. The paper should begin with your title page that follows.) ACC 202: Final Project Part II Budget Analysis Submission Your Name Southern New Hampshire University (REMEMBER: DELETE EVERYTHING THAT APPEARS IN RED.) Introduction (Delete this heading in your final paper.) In your opening paragraph, very briefly introduce the purpose of your paper. Recall that you will be discussing the budget process, \"make\" or \"buy\" decisions, and nonfinancial performance measures as explained in your rubric instructions. Three or four sentences are sufficient. 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