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<p>For six of the past eight years, naval aviation depot-level maintenances activities have encountered operating losses  that were not anticipated in the Navy Working Capital Fund (NWCF) budgets. These unanticipated losses resulted in  increases or surcharges to the stabilized rates as an offset. This project conducts a variance analysis to uncover  possible causes of the unanticipated losses. The variance analysis between budgeted (projected) and actual financial  results was performed on financial data collected on the E-2C aircraft program from Fleet Readiness Center  Southwest (FRCSW) located in San Diego, California. The results of the variance analysis are interpreted and  discussed in terms of labor sales quantity, mix, and rate variances, material sales variance, material expense variance,  labor, production overhead, and general and administrative rate/spending and quantity variances. The results of this  project reveal the factors that created the greatest variance in FRCSW's net operating results. The variance analysis  suggests that the factors having the greatest affect on the operating results were the material sales variances, material  expense variances, and the variances due to the quantity of work. Additionally, the analysis revealed that during the  year analyzed (FY 2007) FRCSW was not reimbursed for 21 percent of its material costs.
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<br>Subjects: Analysis of variance.; Navy working capital fund; naval aviation depot; fleet readiness center; net operating result; variance analysis;</div>
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<dl><dd>Curran, Thomas</dd>
<dd>Schimpff, Joshua J.</dd></dl></div>
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