what is the concept of budgeting variance analysis and strategy

Good morning

One full page in length: single spaced; 12 pt. font. One Inch margins. Tell the story of Northrop Grumman in the parameters described below. Consider this as your employer.As a starting point:

Consider the concept of budgeting, variance analysis and strategy.Searching in the 1004 page pdf book there will be highlights of the personal perspective to budget low in order to come in high, budget high so we all feel good today, etc.These are important concepts to summarize and evaluate.

How would a company be affected by budget strategy based on personal goals rather than market analysis?How might this affect sales dollars, sales volume, and profits?Consider too the effect of financing, production volume and capacity.

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