Evaluate Variance Analysis as a Management Tool Week 6 – Assignment: Evaluate Variance Analysis as a Management Tool
Evaluate Variance Analysis as a Management Tool Instructions
This week, you will explore evaluation and management performance by completing problem 15-37 in Chapter 15 of your textbook. Respond to the questions at the end of the problem by writing a paper that evaluates variance analysis and its effectiveness as a tool for measuring performance. Discuss how analysis of variance can be useful for all types of organizations.
Support your paper with at least five (5) scholarly journal articles. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 5-7 pages (not including title and reference pages).
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.
External Resource (S): Books and Resources for this Week
- Cost Management: A Strategic Emphasis.
Blocher, E., Stout, D. E., & Cokins, G. Cost management: A strategic emphasis. Boston, MA: McGraw-Hill.
Read Chapters 14 & 15
- Variance Analysis
- ACC-7045-Rubric 6
Supplemental (External) Resource
Week 6 – Assignment: Evaluate Variance Analysis as a Management Tool
Instructions
This week, you will explore evaluation and management performance by completing problem 15-37 in Chapter 15 of your textbook. Respond to the questions at the end of the problem by writing a paper that evaluates variance analysis and its effectiveness as a tool for measuring performance. Discuss how analysis of variance can be useful for all types of organizations.
Support your paper with at least five (5) scholarly journal articles. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 5-7 pages (not including title and reference pages).
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.
External Resource (S): Books and Resources for this Week
- Cost Management: A Strategic Emphasis.
Blocher, E., Stout, D. E., & Cokins, G. Cost management: A strategic emphasis. Boston, MA: McGraw-Hill.
Read Chapters 14 & 15
- Variance Analysis
- ACC-7045-Rubric 6
Supplemental (External) Resource
NB: PLEASE BE SURE TO USE THESE RESOURCES (FIRST) ABOVE, IN ADDITION TO OTHERS YOU MAY FIND IMPORTANT
Week 6: Evaluate Variance Analysis as a Management Tool
Grading Rubric
Criteria
Content (9 points) Points
1 Evaluated management by completing Problem 15-37. Evaluated variance
analysis and its effectiveness as a tool for measuring performance. Discussed
how analysis of variance can be useful for all types of organizations.
5
2 Prepared a 5-7 page written analysis of variance analysis. 4
Organization (1 point)
1 Organized and presented in a clear manner. Included a minimum of 5
scholarly references, with appropriate APA formatting, applied to citations
and paraphrasing.
1
Total of 10
Variance Analysis
At the end of each period, the accountant for the company prepares an analysis of the total standard cost variance for both variable and fixed overhead costs. In each case, the goal will be to explain the difference between the actual cost incurred and the cost charged to production (units produced) for the period. As shown later, these variances are recorded at the end of the period in separate variance accounts. The total variable overhead variance is the difference between actual variable overhead cost incurred and the standard variable overhead cost applied to production; also, called over or under applied variable overhead for the period.
Review the resources listed in the Books and Resources area below to prepare for this week’s assignments.
