Purchase Solution

Budget Discussion Questions for Mama's Needlework

Not what you're looking for?

Ask Custom Question

One question for budgeting, see question #6 in discussion question area. questions refer to excel problem page.

(See attached files for full problem description)

---
Discussion Questions for Mama's Needlework Budget

Production Schedule: Why doesn't the units produced each quarter match the units they plan to sell?
Production Schedule: Why did Mama decide to run low on inventory in Q2? (She likes to keep 1 month's sales in inventory, which is 30 units in Q2, but she only made enough to end up with 25 units)
DM Budget: Why are 15% of Mama's DM purchase paid for in the next quarter?
Direct Labor Budget: If labor costs $4.85 per hour in Q1, why is the labor cost per unit on $0.97?
Cash Budget: Why do you back out depreciation from the cash budget?
Cash Budget: Why doesn't the Net Cash from Operations of $93 match the Annual Budget $105? One reason is that our budget components were only for Product B. What is the other reason?
Cash Budget: Why did they borrow $50 in the first quarter?
Cash Budget: What is Mama's loan balance at the end of the year?
Cash Budget: Mama is angry. She want to take out her profits (probably around $75 after taxes) at the end of the year. I told her she can only have $25. Why?
---

Purchase this Solution

Solution Summary

You will find the answer to this puzzling question inside...

Purchase this Solution


Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.