Cost Accounting: Variance Analysis and Recommendations

Running head: COST ACCOUNTING
Cost Accounting
Name of the Student:
Name of the University:
Author’s Note

1
COST ACCOUNTING
Executive Summary
The main purpose of this assessment is to analyze the budget which is prepared by the business
for the purpose of analyzing the variances of the business. The budget which is shown in Part B
is to be analyzed for the purpose of identifying the variances which is above 5% level. The
assessment recognizes the potential causes of such variances and also incorporate measures
which can be adopted by the business for the purpose of making improvement in the budgets.
The management of BlindsforShine Ltd can effectively exercise control over the revenue
generating activities of the business and also help the business in maintaining the costs of the
business of the business. On the basis of the variances which is calculated from the budget,
appropriate decisions are taken in order to improve the estimates of the business and ensure that
the business is able to achieve its targets.

2
COST ACCOUNTING
Table of Contents
Part A...............................................................................................................................................3
Budget Report..............................................................................................................................3
Part B...............................................................................................................................................4
Variance Analysis........................................................................................................................4
Recommendation for Variances..................................................................................................5
Reference.........................................................................................................................................8