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Budgets

Budget with rationale for non profit grant

Based on eight person occupancy including live-in residential advisor. BUDGET WORKSHEET MONTHLY YEARLY MANAGEMENT: Live In Residential Advisor @ 15.00 $2220 $26640 (waive $700 per month or $8400 per year deducted for rent and food Benefits: none LABOR: Daily Child Care @ 11.60 $1856 $22272 FACILITY:

Budget techniques

Discuss budgeting techniques. Is a top down or bottom up approach preferred and why? What is a flexible budget versus a static budget? What is a spending variance and a activity variance? Are variances necessarily bad 383 words

Donna and Sherman Terrel are preparing a monthly personal budget for 2010

Details: Donna and Sherman Terrel are preparing a budget for 2010. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna estimates her salary will be about $45,600 in 2010; Sherman expects to

Case Study - MMWC Mead Meals on Wheels Center

Mead Meals on Wheels Center You may make whatever assumptions you think are necessary. Be sure to state every assumption explicitly. Problem 1 The Mead Meals on Wheels Center (MMWC) provides two meals per day to the homebound elderly. The Town of Millbridge pays MMWC $32 per week for each person it services for the wee

Sales Budget for Company in the Coming Year

The sales budget for your company in the coming year is based on a 20 percent quarterly growth rate with the first-quarter sales projection at $150 million. In addition to this basic trend, the seasonal adjustments for the four quarters are 0, -$16, -$8 and $12 million, respectively. Generally, 50 percent of the sales can be col

Flexible Budget Performance REport

(TCO C) The following overhead data are for a department of a large company. Actual costs Static Incurred budget Activity level (in units) 800 750 Variable cos

Sales Forecast: Creating a Master Budget

Help create a master budget from the following data: JESSI: Sales and Production Budgets: The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 12,000 14,000

Recreate static budget; prepare flexible budget

48. Byrd Company is a manufacturer affiliated with the furniture industry. The company produces a wide variety of "hardware" component parts. Product examples include drawer slides, hinges, door pulls and handles, springs, and locks. Dent Tripoli is the company's new chief financial officer. Dent is very concerned with providing

Preparing a Budget for Donna and Sherman Terrel

Donna and Sherman Terrel are preparing a budget for 2010. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna estimates her salary will be about $45,600 in 2010; Sherman expects to work onl

Batista Company

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

Stang Sports Equipment Flexible Budget

Stang Sports Equipment Company made 40,000 basketballs in a given year. Its manufacturing costs were $288,000 variable and $95,000 fixed. Assume that no price changes will occur in the following year and that no changes in production methods are applicable. Compute the budgeted cost for producing 44,000 basketballs in the follow

Determine the amount of direct materials to be purchased

BSAD Corporation's production budget calls for the following number of units to be produced each quarter for next year: Budgeted production Quarter 1 45000 units Quarter 2 38000 units Quarter 3 34000 units Quarter 4 48000 units Each unit of product requires 3 pounds of direct material. The company

Projected Capital Budget, Revenue and Expense Budget

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

Budget Variance Analysis

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

As the management accountant preparing the budget for the upcoming year, you know how important it is to properly classify costs as being fixed, variable, or mixed. As you are expecting to be promoted to headquarters soon, you want to leave a procedure manual for your junior accountants to have handy for future reference.

Deliverable Length: 300â?"400 words As the management accountant preparing the budget for the upcoming year, you know how important it is to properly classify costs as being fixed, variable, or mixed. As you are expecting to be promoted to headquarters soon, you want to leave a procedure manual for your junior accountants t

Sales volume variance analysis: Master vs flexible budget

Sales volume variance analysis: Lions Company prepared a budget last period with budgeted sales of 55,000 units at a price of $75 each. Variable costs were budgeted to be #10 per unit. Fixed costs were budgeted to be $2,000,000 for the period. During the period, actual sales totaled 58,000 units. Prepare a variance report

Budget and Behavior Implication

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

Prepare a master budget for Edgeworth Box Corporation for the next year

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

Budget Direct Corporations

The Jung Corporation's budget calls for the following production: Quarter 1 45,000 units Quarter 2 38,000 units Quarter 3 34,000 units Quarter 4 48,000 units Each unit of production requires three pounds of direct

Master Budget Development Estimated

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

Calculating Capital Budget Amount: Clinton Company

Clinton Company is financed 40 percent by equity and 60 percent by debt. If the firm expects to earn $20 million in net income and retain 40% of it, how large can the capital budget be before common stock must be sold?

Preparing a Flexible Budget

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

Constructing a Direct Materials Budget

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