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# Budgets

### Break Even Analysis and Contribution Margin

Question #1 The following is budgeted information for the Christopher Corporation: (see attachment) Additional information: - Selling & administrative costs (a mixed cost) are budgeted to be \$600,000 at the production and sales listed above. The variable component is \$3 per unit (same for each product). - Manufacturing

### Budgeting and Manufacturing Variances

Please see attached for full question and data. Question #1 Evaluate the following statements concerning variance analysis. Be sure to provide specific examples to justify your evaluations. a) When evaluating variances, it is best for managers and others to consider one variance at a time rather than groups of variances t

### CVP in a Multi-Product Environment

The following is budgeted information for Connor Corporation: Product XYZ Product ABC Annual production & sales 25,000 15,000 Projected selling price

### Problem 19-11

I have completed the assigned problem, but I am not sure of my solution.

### Scheduling and Budgeting

Determine the tools that would work best for developing a schedule and budget. Simple methods for monitoring and controlling the schedule and budget. Identify and discuss findings from at least 4 separate articles concerning tools that are going to be used in developing a schedule and budget. Identify and discuss fin

### Variance for Total Revenue and Variable Expenses

Mountain sports equipment company projected sales of 78,000 units at a sale price of \$12 for the year 2015. Actual sales of 2015 were 75,000 units at \$14.00 per unit. Variable costs were budgeted at \$3 per unit and the actual amount was \$4 per unit. Budgeted fixed costs totaled \$375,000, while actual fixed costs amounted to \$400

### ROI for Apple

Financial information for a recent year for Apples, Inc. is: Sales \$40,000,000 Less: Cost of goods sold 25,000,000 Selling and administrative expenses 5,000,000 Interest expense 1,000,000 Income before taxes 9,000,000 Less: income taxes 3,150,000 Net income 5,850,000 Total assets

### Internet searching "flexible budgets"

I need help with performing an Internet search using the term, flexible budgets, and to locate an article (less than one year old) from the results of my search. After reading the article, I need to write a brief paper (3 - 5 paragraphs) that summarizes and comments on the article.

### Sales Budget and Increases in Sales

The Tin Bucket Company makes tin buckets in a standard two gallon size. At the beginning of this year, the company changed its advertising campaign and expects its sales to increase dramatically. For 2011, the company's sales were as follows: First Quarter 20,000 units Second Quarter 25,000 units Third Quarter 30,000 un

### Production Budget and Inventory and Projected Sales

The Peanut Processing Company produces cans of peanuts. The company expects sales of 15,000 cans in January, 16,000 cans in February, 17,000 cans in March, and 17,000 cans in April. There are 1,500 cans in inventory at the beginning of January. The company tries to maintain a monthly ending inventory of cans of peanuts equal to

### Activity-Based Budgeting & Flexible Budgeting

See the attached file. Question 5 a. The following information pertains to CJ Corporation: Twenty percent of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. A 2 percent discount is allowed on cash paid out at the time of purchase. Cash is collected from customers i

### University Controller: Financial Data from Operations

The controller of a small private college is complaining about the amount of work she is required to do at the beginning of each month. The president of the university requires the controller to submit a monthly report by the fifth day of the following month. The monthly report contains pages of financial data from operations. T

### Oneida Cash Budget, Collections, Purchases, Loan

During the last week of August, Oneida Company's owner approaches the bank for a \$99,000 loan to be made on September 2 and repaid on November 30 with annual interest of 12%, for an interest cost of \$2,970. The owner plans to increase the store's inventory by \$60,000 during September and needs the loan to pay for inventory acqui

### Non-Profit Financial Plan

I am in the process of designing a non-profit prisoner re-entry program. The program will assist ex-offenders with issues impeding them employment in addition to job placement. I can design a budget using up \$200,000. What kinds of staff would I need? (Professional & Administrative support) What about operating expen

### Kiel Center: Cash Collections Budget

Kiel Center sells only on credit (no cash sales). Prior collection patterns show that 28% of a month's sales are collected in the month of the sale, 51% are collected in the month after the sale, and 19% are collected in the second month after the sale. For example, June sales would be collected over three month, June (28%), J

### Old Guard: Materials Budget & Reason for Ending Inventory

Each gallon of Old Guard, a popular aftershave lotion, requires 3 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2013 is: Quarter I 13,000 gallons Quarter II 18,000 gallons Quarter III 12,000 gallons Management's policy is to have at the end of every qua

### NPV: US multinational production facility in the UK

A US multinational is contemplating a production facility in the UK. The production will be sold locally in the UK. The cost of the facility is estimated at \$150,000,000 USD. Here is other pertinent information on the project: Year 1 2 3 4 Price per unit GBP 1,500 1550 1,600 1,800 Unit sales 50,000 180,000 360,000 5

### Financial Statements affecting Stability of an Organization

How can a thorough analysis of an organizations financial statements benefit the stability of a healthcare organization?

### Budgetary Assumptions and Control Procedures

In the light of the Core Value of Integrity, consider management's responsibility when it comes to estimates in the creation of budgets. Describe the incentives management has to misrepresent these estimates. Discuss controls/ procedures that may be put in place to prevent misrepresentation of these estimates.

### Budgeting for production and sales

For this year, production and sales are based on 4,000 units per year: Building depreciation \$200,000/yr. Machine operators \$100,000/yr. Management staff \$400,000/yr. Direct materials \$4,000,000/yr. Other expenses that seem to vary based on production levels \$3,000,000/yr. Other expenses that don't seem to vary \$1,300,000/

### Creating a Capital Budget for a Project

How do I create a capital budget for a project? Also what is a capital budget?

### Public Budget Cycle

Write in four-pages in which you define The Public Budget Cycle in a government agency of choice. Explain phases of budget cycle (preparation and submission, approval, execution and audit and evaluation) and how this relates to the overall organizational mission of the government agency.

### Developing a Budget

For a business making framed botanical prints: 1..Prepare the following budgets for 1 quarter broken down monthly regarding your chosen item: estimated sales budget, estimated direct materials budget, estimated direct labors budget, estimated manufacturing overhead budget, estimated selling and administrative expenses, and an

### Advertising & Promotional: creative brief budget and justification

Need help because I am having some difficulty. Can you please help me with this creative brief template and summary? It is about "Newton: Color Me Happy running shoes" Thanks and I appreciate your help. "Color Me Happy - Newton Running Shoes" Creative Brief Budget This week, complete the Budget section of your creative

### Budget Analysis

In December of 2007, Jones Inc. was formed as a corporation. The company plans to start its operations in early January of 2008. They have the following purchases budgeted for the first quarter of 2008: January \$600,000 February 500,000 March 300,000 Jones has worked out agreements with its various suppliers to pay fo

### Simid Sports: Production Budget

Near the end of 2011, the management of Simid Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2011: Simid Sports' single product is purchased for \$30 per unit and resold for \$60 per unit. The expected inventory level of 5,250 units on December 31, 2011, is more than management

### Cash Budget for Hotel Motel Company

Need assistance to prepare a cash budget: The following information for the month of May has been provided for the Hotel Motel Company: May 1, cash balance...............................................\$29,500 Cash collections anticipated in May..............................38,500 Expected May cash expenditures for opera

### Budget

So your new accountant could practice the budgeting process in your for-profit company, you want her to compare budgeting methods for two different kinds of entities. You give her information for a for-profit and for a nonprofit entity and ask her to complete the following: Use the assumptions and data in the attached excel sh

### Control of Budget

What can a company do to better implement and control the budget?

### A Discussion On Tax Bases, Budget Financing, Budget Deficits

1. Contrast the three major classes of tax bases, also addressing economic bases. 2. Analyze various methods of government financing in their budget, and provide a synthesis of the strengths and weaknesses of these methods, as well as their long term effects. 3. The classical economists argued that budget deficits would no