This management accounting report examines budgeting and variance analysis, focusing on Amana Ltd's financial performance. It analyzes monthly control reports, flexible budgets, and original variances to evaluate the company's financial year performance during the Covid-19 pandemic. The report provides suggestions to Amana Ltd's CEO for improvements, including maximizing revenues, managing direct material costs, and optimizing labor expenses. Additionally, it evaluates Mr. Amana's decision to move the business online, comparing the costs and benefits of setting up a personal online store versus selling through Amazon, considering factors like reach, management, cost, and data protection. The report concludes that while setting up an online store will be very costly, selling with Amazon has limited control over business operations.
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