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Budgets

Budget Reviews for Three Agencies

Review the budget for three agencies. After reviewing the budgets, briefly summarize the details of three budgets in about 500 words. Include each of the following for the summary: The name of three agencies. A brief description of three budgets. From your initial review, which budget appeals to you the most and why.

Preparing a Budget: Top-down and bottom-up approach

Identify and describe a project where the top-down budgeting approach would be most appropriate. Detail your rationale for the decision and list the advantages for using that approach. Next, identify and describe a project where the bottom-up budgeting approach would be most appropriate. Provide your rationale for deciding on th

Business budget

Do you feel that setting up a business budget is beneficial from the top downward or from down to top? Explain your reasoning. 200 words please.

Preparing a Direct-Material Purchases Budget

Ocean Waverunners plans to produce 20,000 units, 24,000 units, and 30,000 units, respectively, in October, November, and December. Each of these units requires four units of part no. 879, which the company can purchase for $7 each. Ocean Waverunner has 35,000 units of part no. 879 in stock on September 30. Management desires to

State Budget Estimates and User Fees

If a state classifies their budget categories by economic, administrative, and functional activities are they in a better position to estimate their budget over the next two years? Do both residential or private citizens and businesses and industries pay user fees?

Methods for Estimating a State's Budget

Please provide any references used. 1. Review the budget from the State of Georgia. Explain in detail the appropriate method needed to estimate the state's budget for the next two years and the advantages of this method over other alternatives available. References: Alford, D.D. & Deal, N. (2012). Office of Planning and

Static vs. Flexible Budget Variances

Scenario: Dan Ludwig is the manufacturing production supervisor for Atlantic Lighting Systems. Trying to explain why he did not get the year-end bonus that he had expected, he told his wife "This is the dumbest place I have ever worked. Last year the company set up this budget assuming it would sell 150,000 units. Well, it only

Variance Spending, Efficiency, Budget, and Volume

PROBLEM 2 The following data are the actual results for Marvelous Marshmallow Company for October: Actual output 9,000 cases Actual variable overhead $ 405,000 Actual fixed overhead $ 122,000 Actual machine time 40,500 per machine hours Standard cost and budget information for Marvelous Marshmallo

Defense Budget

1. Identify tools for changing the budget and explain the process. Do you think this process is proper, or do you think it allows changes to be made without proper oversight? 2. Describe the discretion-abuse-control cycle and explain the politics of finding waste, fraud, and abuse. Do you think politics should have a role in

Budget Director Decision

You are the Budget Director for the State of Maine. It's a high-profile department, so you have several assistant directors over different divisions. Over the course of several months, you begin to notice personnel problems (e.g. low employee morale, many customer service complaints, etc.) in your economic forecasting division.

Challenges for America: The Ever-Increasing Budget Deficit

Budget Deficit, National Debt, and Government Spending: Is Now the Right Time to Cut Deficit and Reduce National Debt? Abstract: The current economic downturn has raised the question of whether the national debt is too large to continue spending or whether it is impossible to stimulate the economy without increasing national

Flexible Budget for DirectTV for Three Levels of Activity

Requirement: DIRECTV COMPANY WILL BE USED. Budgeting is an important internal activity. Preparing budgets involve forecasting sales and estimating costs. For this SLP, you will prepare a flexible budget for next year for the company of your choice. The budget needs to be realistic and based on corporate and economic tr

Public Administration-Budget

Hello, I would greatly appreciate assistance with the following questions. Please respond with at least 100 words or more for all questions and provide any references used. Thank you. 1. Analyze and describe four (4) governmental expenditures each from the Federal, State, and Local budgets that will have a greater imp

Developing a Budget Request

Please provide in depth answers to these questions after following the instructions in the word doc and the corresponding excel spreadsheet. Please provide completed spread sheet and answers to questions once complete. Discussion questions 1. Did the department meet its goal of generating revenues sufficient to cover direct

Types of Budget

You are a manager in a fictitious company of your choice. Your director has asked you to explain to the department staff the different types of budgets and techniques in order to provide an overall understanding. It will be a talk that you will deliver to the department staff and director explaining the different kinds of bu

Operating Budget and Sales Forecast

The operating budget depends on key information developed in the a. cash forecasts b. sales forecast c. labor forecast d. operating forecasts

Explain a flexible budget. How is a flexible budget related to a static budget?

Explain a flexible budget. How is a flexible budget related to a static budget? What is responsibility accounting? Explain the purpose of responsibility accounting. What do you believe the future holds for the Sarbanes-Oxley Act? Explain What is the objective of internal auditing? Is the scope of internal auditing limit

Variance in budget

What is the purpose of identifying variances in budgets? Does having a favorable variance always mean a positive situation? How about negative? Can you share two examples where a favorable variance could have a negative underlying affect.

Budget Changes

Can you think of any other reasons why the baseline of the budget might need to be changed midstream on a project?

Manufacturing Budget Analysis: Ferguson & Son Manufacturing Company.

Manufacturing Budget Analysis Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company's factory; Jim is manager of the equipment maintenance department. The men had just attended the monthly performance

Budget Variances

In a store such as Walgreens Drug and Sundry, what experiences with budget variances and the outcome of the corrective actions are taken to stay within the budget? What type of corrective actions would have to be encountered?

Preparing a budget - Dollie Inc

The budget director of Dollie Inc., with the help of the finance department, has compiled the following information for use in creating the budgeted income statement for January 20xx: a. Estimated sales for January Luxury dollhouse: 2,000 units at $200 per unit Standard dollhouse: 3,500 units at $150 per unit b. Estimated

Braemar Saddlery: revised performance report- flexible budget basis

Braemar Saddlery uses department budgets and performance reports in planning and controlling its manufacturing operations. The following annual performance report for the custom saddle production department was presented to the president of the company:    Budgeted Costs Actual Over for 5,000 Units

Sales Budget for Service

Sales Budget for Service Company Oregon Adventures provides tours of scenic locations in Oregon. The company expects tours taken to increase dramatically compared with the prior year. For the past year, 2011, the number of tours given were as follows: First quarter 6,000 Second quarter 7,000 Third quarter 7,000 Fourth qu

Roehler Industrial Direct Materials Purchases Budget 2011

Direct Materials Purchases Budget Roehler Industrial has estimated that production for the next five quarters will be: Production Information 1st Quarter, 2011 51,000 units 2nd Quarter, 2011 46,000 units 3rd Quarter, 2011 55,000 units 4th Quarter, 2011 44,000 units 1st Quarter, 2012 53,000 units Finished units

Budget Constraints in a Two Period Model

Describe how the budget constraint of a house-hold in a two-period model is affected by each of the following changes. In each case, do you think the household is better off or worst off or is the answer ambiguous? If ambiguous, what does the answer depend on? A. Period 1 income is lower B. The interest rate is higher C. Pe

Budget and Fiscal Plan

You have been hired as an executive director of a small nonprofit organization. Among your many duties are to determine an annual budget and develop a fiscal plan for the organization. For this assignment, you must develop a 2-page spreadsheet that you will deliver to the director and staff containing an annual generic annual

Budget discussion question

This first topic concerns the broad relationship between the federal government and the economy. It invites you to consider what we expect from the government, via the budget (on both the spending and revenue sides, of course) and the nature of individuals working and living in 21st century America. You have seen news stories r

Preparing Operating Budget Components

Black & Decker (B&D) manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Use the following fictitious information about this product line to complete the problem requirements. Each handisaw sells for $50. B&D expects the following unit sales. January 2,100