WEEK 3 DQ 1Respond to Ethical Issue 22-1 found at the end of chapter 22 in the textbook.WEEK 3 DQ 2Describe how you could use what you have learned about budgeting in your personal life.In this Module the reading materials focus include the steps taken by businesses to achieve their planned levels of profits â a process called profit planning. Profit planning is accomplished by preparing numerous budgets, which, when brought together, form an integrated business plan known as a master budget.All, Why do organizations budget? And what are some of the processes they use to create budgets?WEEK 4 DQ 1Respond to Ethical Issue 23-1 found at the end of chapter 23 in the textbook.According to the IMA Statement of Ethical Professional Practice, regarding confidentiality, Lane has the responsibility to …. refrain from using confidential information for unethical or illegal advantage. What does this mean to Lane in this situation? Can you relate this to a situation you have been faced with at work?WEEK 4 DQ 2Max Points: 5.0Choose one of the following variance types, and give an example of what it indicates about a companyâs operations:Favorable direct materials price varianceFavorable direct materials quantity varianceFavorable direct labor rate varianceFavorable direct labor efficiency varianceFavorable variable manufacturing overhead rate varianceFavorable variable manufacturing overhead efficiency varianceUnfavorable direct materials price varianceUnfavorable direct materials quantity varianceUnfavorable direct labor rate varianceUnfavorable direct labor efficiency varianceUnfavorable variable manufacturing overhead rate varianceUnfavorable variable manufacturing overhead efficiency varianceChoose a variance that has not been chosen by another one of your classmates, or provide an explanation that differs from those explained by your classmates. Participate in follow-up discussion by challenging your classmatesâ posts, expanding upon your classmatesâ posts, and/or providing additional alternatives with regard to reasons for the variances.
