Using Performance Reports to Inform Organizational Decisions

• Very often, managers are called upon to make decisions “by  the numbers.” In this Assignment, you will sort through a budget report  from the fictitious Honey Bear Confections (HBC) organization in order  to make decisions about productivity levels.HBC is a small  organization dedicated to making bear-shaped sweets with honey as a  sugar substitute. You have just been promoted to a position as manager  of the production department at HBC when your supervisor shows you the  following report. She tells you to “get it fixed.” You suspect she is  alluding to a problem with productivity and efficiency.For this Assignment, review  the Static Budget Report provided. Additionally, you may find valuable  information in your course text, especially Exercise 6-3.HINT: for more information about this, see the Weekly Briefing and the Performance Report video.Honey Bear Confections (HBC)
  Manufacturing Overhead Static Budget Report
  For the Month Ended June 20XX

The Assignment:

Budget

Actual

Variance (U or F)

Production in bags of candy

10,000

12,000

2,000F

Costs:

Indirect labor

$26,000

$31,200

$5,200U

Supplies

$25,000

$29,500

$4,500U

Utilities

$19,000

$22,500

$3,500U

TOTAL

$70,000

$83,200

$13,200U

• Part 1: Prepare a performance report using spreadsheet software, such as Excel. Hint: Read the Weekly Briefing and watch the PerformanceReport video on this topic.
• Part 2: For the next section of this Assignment, please utilize a word processing software (such as Word) to complete the following:
  • Write a short memo to your supervisor explaining your findings and your recommendations.
  • In your memo, as part of your recommendations, take a position on the following: Do all the variance in this example need to be examined? Why or why not?

General Guidance on Assignment Length:

The memo portion of this application will typically be 2–3 paragraphs in length as a general expectation/estimate for each bullet point. Refer to the rubric for the Week 2 Application for grading elements and criteria for the performance report and the memo. Your Instructor will use the rubric to assess your work.

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