JET Task 2 - Graded A+ solution

Requirements for Task 2:
A. Prepare a summary report in which you do the following:
1. Discuss budgetary areas that raise concern in the budget planning.
2. Evaluate the flexible budget and the 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.