Please do not use Excel, but show step by step solutions. TBA, a division of MLSC, offers management and computer consulting services to clients throughout Canada and the northwestern U.S. The division specialized in web site development and other internet applications. The corporate management at MLSC is pleased with the p
1. You are in a job interview and your possible employer asks you to describe the differences between the flexible and the static budget and to explain which you would recommend for a small business and why. How would you respond to this potential employer? 2. Consider the three different centers in a company's cost center, p
Lubriderm Corporation has the following budgeted sales for the next six-month period: Month Unit Sales June 90,000 July 120,000
Lorch Company prepares monthly cash budgets. Relevant data from operating budgets for 2010 are: January February Sales $360,000 $400,000 Direct Material Purchases 100,000 110,000 Direct Labor 100,000 115,000 Manufacturing overhead 60,000 75,000 Sell
Production budget On January 1, 2009 the Batista Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2009. Sales units: First quarter 5,300; second quarter 6,300; third quarter 7,500 Ending raw materials inventory: 50% of the next quarter's production requirements Ending f
Start Up and Operational Budgets: Prepare a projected Capital Budget as well as a Revenue and Expense Budget for start-up (the first year of operation). Using the same or altered assumptions, prepare a projected Revenue and Expense Budget for the second year of operation. Organization X has its own facility where medical waste
Imagine that for the second quarter in a row, profits are down at Waterfall division. Division Management budgeted $250,000 in profits for the 2nd quarter but actual results were only $197,000 in profits. The division management insists that the budgets were developed realistically but admits sales were down. The division has be
Describe your question and rBudget and Behavior Implications An effective budget converts the goal and objectives of management into specific performance targets. The master budget serves as a blueprint that reflect management â??s plan for the budgeted period . Moreover the master budget serves as a basis for
Edgeworth Box Corporation manufactures two types of cardboard boxes used in shipping canned food, fruit, and vegetables. The canned food box (type C) and the perishable food box (type P) have the following material and labor requirements. Direct Material Required per 100 boxes C Box P Box Corrugating medium ($.15 per lb) 2
The Garden Hotel is in the process of developing a master budget and pro-forma financial statements. The beginning balance sheet is estimated to be: Garden Hotel Estimated Balance Sheet Cash $20,000 Accounts Payable $20,000 Accounts Rec
Problem is attached as word document. I'm having problems preparing flexible budget. The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater has a very small full-time professional administrative staff. Through a special arrangement with the actors' union, actors and directors rehearse
Preparing a direct materials budget: It takes 3 pounds of direct materials to produce the Regular product and 5 pounds of direct materials to produce the Deluxe product. It is the company's policy to maintain an inventory of direct materials on hand at the end of each month equal to 30% of the next month's production needs for t
Assume you are a field marketing professional, responsible for marketing your company's products in the South Florida region of a medium-size corporation. One day you receive a CD from your corporate marketing group (based in Detroit, Michigan) which includes a set of electronic files containing print advertisements ready for yo
You are interested in developing a budget but are struggling with the basics - do the numbers have to be exact? Can a budget have any flexibility in it? First, define what a budget is. Then develop a list of basic ground rules to budgeting that will help you or anyone you know create a good budget. Be sure to include a savings p
Master budget and departmental budget process at Cadence and Cross; behavioral implications of the way the budget was prepared.
Five years ago, Jack Cadence left his position at a large company to start Advanced Technologies Co. (ATC), a software design company. ATC's first product was a unique software package that seamlessly integrates networked PCs. Robust sales of this initial product permitted the company to begin development of other software produ
Go Fly a Kite Kite, Inc. manufactures and sells kites. They sell their kites to retailers throughout the United States. They have three products. One product, which is appropriately named "Childs Play", is intended for kids and other beginner kite flyers. Another product, which is named "The Challenger" is intended for semi
"The flexible budget is a poor benchmark. You should develop a budget and stay with it." Discuss this concept..
If the department's cost exceeds the budget, employees do not get a bonus. What problems could arise?
A company rewards its production department employees for meeting budgeted cost levels by giving out bonuses. If the department's cost exceeds the budget, employees do not get a bonus. What problems might arise with such a plan?
Choose a proposal type and select a specific budget that aligns with the proposal type. Write a paper describing how the two align. In addition, compare and contrast the four principles of design and discuss which principle would be most applicable for your proposal style and budget. Budgeting and Putting a Proposal Tog
1. Preparing the Budget Assume you are the financial director of a clinic that is a part of an organization named Getwell Clinics Incorporated. Your clinic?named after you?serves a suburban community with a population of about 24,000, of which 25% are expected to become patients of the clinic. Each patient is expected to aver
Master Budget The results of operations for the Preston Manufacturing Company for the fourth quarter of 2007 were as follows (in thousands): Sales $590,000 Less variable cost of sales 354,000 Contribution margin 236,000 Less fixed production costs $118,000 Less fixed selling and administrative expenses 59,00
I) Chapter 20 - problems P20-2A and P20-4A pg. 1039 ii) Chapter 21 - problem P21-2A pg. 1092 Big Top Co. is preparing its annual budgets for the year ending December 31, 2008; the data is shown below. Product CZ 50 Product CZ 60 Sales budget: Antici
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below:
See Attached Spreadsheet As a sales manager, Shawn Keyser was given the following static budget report for selling expenses in the clothing department of Dunham Company for the month October. As a result of this budget report, Shawn was called in the President's office and congratulated on his fine sales performance. He wa
Assignment 3c Part 1). Suggest the best graphic to use for presenting the situations below. Part 2). Choose A or B and construct the graphic you think best represents the situation. A. Carrie wanted to know how many miles she walked as she went about her everyday activities during a regular five-day
Hello. I need assistance in putting together an international travel itinerary: -------------------------------------------------------------------------------------- Vacation in a geographic area included for a family of three. This may be a cruise, land tour package or independent itinerary. The experiences preferences to de
What are some of the different types of budgets? Describe in detail one type of budget including its use.
What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the budget is used for and what information it provides a business.
Hi, Could you help me with this assignment ? Thanks Expand your one year departmental budget to a five year plan with the following assumptions: 1. Starting with year two, increase all personnel related line items by 2% per year through year five. 2. Starting with year two, assume a 5% increase in all other line items th
Hi you helped me with an assignment on Oct 07, 2009 9:35 pm)#274401 Based on that could you help me with the following: Tks (1) Apply the global accounting principles such as (College Income, Current Exp., Additions to Capital Stock, Operating Costs, and Wealth -EOY) To this Budget: how would this change the budget
Using the template provided, prepare a one year working budget for a educational department( health education for example). If you wish to add additional line items to the template, please feel free to do so. Outcome: Demonstrate knowledge of budget preparation and risk management in higher education. Learning Objective