Assignment

on
“Performance analysis through Flexible budget”

Weight of the assignment and assessment rubric:

 You will be graded out of 10.
 Prepare a PLANNED BUDGET for the month of December 2022 for your imaginary
company assuming any level of activity.
 Prepare a SUMMERY OF ACTUAL RESULTS for the month of December 2022 for
your imaginary company assuming any level of activity different from planned level
of activity. That means, if you prepare a planned budget for 1000 units, your actual
results should be for more than or less than 1000 units.
 Prepare a FLEXIBLE BUDGET for the actual level of activity for the month of
December 2022 for your imaginary company.
 Prepare a PERFORMANCE REPORT (by comparing actual results with flexible
budget) and shows therein REVENUE AND SPENDING VARIANCES.

Grading rubric:
Your report will be assessed considering:
i. completeness (out of 2),
ii. consistency/relevance with the subject matter of the assignment (out of 2),
iii. the accuracy of calculation (out of 4) and
iv. accuracy in identifying variances (out of 2).

Submission:

Deadline: 10 December 2022 at or before 12 am

Where submit: To submit your report in your respective section, please find “Assignment 1”
folder in the google drive we use to get/share all materials relating to ACT202 course. Then
“Submit your assignment 1” in the folder named with your section.

Good luck!

Dr Faruk Bhuiyan (Ph.D in Accounting, Australia and MPhil (DU))