Case Study: Peyton Approved

Satisfactory Essays
When managing a company, such as Peyton Approved, it is extremely useful to prepare an operating budget and take the time to understand variances. Peyton Approved has a very good chance of improving their productivity even more by using the cost and efficiency variances to see how the company is doing and if they are effectively spending and being efficient with all their tasks. With an operating budget and understanding of variances within the budget, Peyton Approved can grow their business further and further. Using these tools can help Peyton Approved find any problems regarding materials and labor within the company. Changes made can boost profit for the company as well. This analysis explains each variance, what they tell you, and what needs to be investigated to determine the reason for the variance.
Get Access