November 2008
Beginner
448 pages
11h 33m
English
The manager should prepare performance reports. Are objectives and targets being met by subordinates? Are operations being performed efficiently and effectively?
The performance-to-budget report should include this information by department for month and year-to-date: budget, actual, and variance. Variances may be stated in dollars and percentage terms.
An illustrative performance -to-budget report is presented in Exhibit 3.4.
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