In this task, you will use the attached “Competition Bikes Inc. Storyline” to review various budgets and budget planning for the company and provide your analysis and recommendations.
2. Evaluate the flexible budget and its variances (Spreadsheet Tab: Task_2_Budget_Variances).
a. Recommend corrective actions for areas of concern based on a variance analysis.
b. Discuss how the concept of management by exception could be applied to the variances.