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EXECUTIVE SUMMARY

Boston Creamery, Inc, is an ice cream company that manufactures and distributes ice cream to wholesalers and retailers. In 1973, the company had installed a new financial planning and control system that compares budgeted results against actual results and be able to highlight things that needed corrective actions or commend things that resulted in a favorable overall variance. This year, the division has a favorable operating income variance of $71,700.
Highlights:
· Jim Peterson, president of the ice cream division, asked Frank, vice-president of the Sales and Marketing of the Ice Cream Division to make a short presentation at the next management meeting commenting on the major reasons for the favorable operating income variance of $71,700
· Using the newly installed financial planning and control system, Peterson wanted to illustrate to the management group how this new software can analyze the profit variance and highlight those areas needing...

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Title: Boston Creamery
Approximate word count: 2296
Approximate pages: 10 (250 words per double-spaced page)

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