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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

Advertising Budget

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

Most important forecast in a master budget

A master budget is a compilation of forecasts for the coming year or operating cycle made of various departments or function within an organization. What is the most important forecast made in a master budget? List the reasons for your answer. Which budgets must managers prepare before they can prepare a direct materi

static budget versus a flexible budget

Why do you think companies make the mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money? Or do you think it they are unaware of the importance of the flexible budget?

Master budget profit plan

10.23 Analyzing contribution margin changes. The Diaz Company, which sells hard hats for construction, provided the following data for years 1 and 2: Year 1 Year 2 Sales Volume 14,000 hats 10,000 hats Sales Revenue 1,750,000 1,500,000 Variable Costs (1,470,000) (1,050,000) Contribution Margin

Kite, Inc.: budget-variance analysis (Case Study)

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

Crafts Budget Proforma: Effect to profits for switching to level production

See attached file. The manager of Crafts needs to have information about how switching to level production will affect the company's profits and loan need. Assumptions for pro formas and the cash budget. Switching to level production will not affect Sales, Accounts Receivables, Long-term Debt, or Net Plant and Equipme

Design and Budget Elements of Proposal: Compare four principles of design

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

Preparing a Budget Financial Director

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 Operations

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

Budget Cost of Goods Sold for Two Months

Birchem Company sells electric razors. The purchasing department manager prepared the following inventory purchases budget. Birchems policy is to maintain an ending inventory as 10% of the following months cost of goods sold. Octobers budgeted cost of goods sold is $85,000.

Annual budget

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

Dunham Company: Prepare a Corrected Flexible Budget for Shawn

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

Johnson Swimwear Variances: Static & Flexible Budget

The systems consulting department of Johnson Swimwear designs data collecting, encoding, and reporting systems to fit the needs of other departments within the company. An overall cost driver is the number of requests made to the systems consulting department. The expected variable cost of handling a request was $500, and the nu

Flexible Budget Fall 2009 - JKS Manufactures

JKS manufactures a single product that sells for $60 each. JKS's static budget estimated that 1,200 units would be produced and sold this past month. The actual number of units produced and sold totaled 1,500. Based on these data and the data given below, complete the flexible budget: Actual Price Variance Fle

graphic representation Carrie walking & Ichiro college spending

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

Travel Sample Itinerary: International (Thailand)

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

Keel company: Prepare a flexible budget several levels of pr

Keel company's fixed overhead costs for the year are expected to be as follows: Depreciation, $72,000; supervisory salaries, $92,000; property taxes and insurance, $26,000; and other fixed overhead, $14,500. Total fixed overhead is thus expected to be $204,500. Variable costs per unit are expected to be as follows: direct mater

Components of a master budget.

Identify the order in which the following budgets are prepared. Use the letter a to indicate the first budget to be prepared, b for the second, and so on. 1. Production Budget 2. Direct Labor Budget 3. Direct Materials purchases budget 4. Sales Budget 5. Budgeted balance sheet 6. Cash Budget 7. Budgeted income statemen

Multiple Year Budget

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

Financial Management Budget Concepts

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

Create a Budget Template for an educational institution

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

3 to 4 paragraphs apa format 3 references

Many areas must be considered when developing a healthcare operations budget. To accurately assess revenue and cost considerations, strategic forecasting must be performed. Each type of healthcare business (i.e., hospital, health plan, facility other than a hospital) has its own issues to consider when forecasting. Discu