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Compact case
Case
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Reference no. UVA-C-2184
Subject category: Finance, Accounting and Control
Authors: Kristy Lilly (Darden School of Business, University of Virginia); Liz Smith (Darden School of Business, University of Virginia); Mark E Haskins (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 2003
Version: 19 June 2009
Length: 5 pages
Data source: Published sources
Topics: Break-even analysis; Budgeting; Cost accounting; Profit planning; Profitability analysis
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Abstract

This case presents an opportunity for students to use flexible budgeting to perform a variance analysis on the operating results of EntertainmentNow.com. First, the company''s original budget is flexed to account for changes in sales volume. Then, actual results are compared to the flexed budget and analyzed for product mix, price, cost of goods sold, efficiency, and other variances. In addition, the case requires a simple calculation to determine the breakeven level of sales given the company''s current variable and fixed costs.
Industry:
Retail
Teaching note
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Reference no. UVA-C-2184TN
Subject category: Finance, Accounting and Control
Authors: Kristy Lilly (Darden School of Business, University of Virginia); Liz Smith (Darden School of Business, University of Virginia); Mark E Haskins (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 2003
Version: 17 June 2009
Length: 15 pages
Data source: Published sources
View full details

About

Abstract

This case presents an opportunity for students to use flexible budgeting to perform a variance analysis on the operating results of EntertainmentNow.com. First, the company''s original budget is flexed to account for changes in sales volume. Then, actual results are compared to the flexed budget and analyzed for product mix, price, cost of goods sold, efficiency, and other variances. In addition, the case requires a simple calculation to determine the breakeven level of sales given the company''s current variable and fixed costs.

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Industry:
Retail

Related

Teaching note
-
Reference no. UVA-C-2184TN
Subject category: Finance, Accounting and Control
Authors: Kristy Lilly (Darden School of Business, University of Virginia); Liz Smith (Darden School of Business, University of Virginia); Mark E Haskins (Darden School of Business, University of Virginia)
Published by: Darden Business Publishing
Originally published in: 2003
Version: 17 June 2009
Length: 15 pages
Data source: Published sources
View full details