Purchase Solution

elements of budgets and estimates

Not what you're looking for?

Ask Custom Question

What are the elements of budgets and estimates? Explain each of the elements.

Budgets are actually cost estimates tied to detailed distribution of revenues. Dissimilar conservative monetary statements, revenue and defeat and cash flow statements, there is not a standardized format for a marketing budget, and yet, a budget is required to have a successful marketing plan. Budgets are actually consequent by entering hours, and labor rates (escalated over time), and non-labor dollars into a worksheet. The indirect cost burdens are calculated based on the rates, applied by individual Cost Element. The WBS budgets and estimates are aggregated over all direct and indirect Cost Elements and Performing Organizations, for the specified time periods.

Purchase this Solution
Solution Summary

What are the elements of budgets and estimates?

Purchase this Solution
Free BrainMass Quizzes
C# variables and classes

This quiz contains questions about C# classes and variables.

Javscript Basics

Quiz on basics of javascript programming language.

Basic UNIX commands

Use this quiz to check your knowledge of a few common UNIX commands. The quiz covers some of the most essential UNIX commands and their basic usage. If you can pass this quiz then you are clearly on your way to becoming an effective UNIX command line user.

Basic Networking Questions

This quiz consists of some basic networking questions.

Inserting and deleting in a linked list

This quiz tests your understanding of how to insert and delete elements in a linked list. Understanding of the use of linked lists, and the related performance aspects, is an important fundamental skill of computer science data structures.

View More Free Quizzes
Related BrainMass Solutions

  • Characteristics of budgets

    Budget when finally prepared may look complicated, but budgets are prepared from small simple elements and then consolidated. Thus we need to be aware of the process of budget making and what all information is needed to prepare the budget.

  • high-end boating market, Budgeting processes and techniques

    These can be budgeted and tracked as flexible overhead budgets, with the variable elements and fixed elements separate. Why? Yacht-building activity can swing very wide â?" from feast to famine.

  • Sales forecast for financial planning

    Detail Budgets include sales forecasts, production forecasts, and other estimates in support of the Financial Plan. Collectively, all of these budgets are referred to as the Master Budget.

  • Budgeting methods analyzed

    (1) dissemination of guidelines stating the overall plans and policies and other assumptions and constraints that are to be observed in the preparation of budget estimates; (2) preparation of the sales budget; (3) preparation of other estimates

  • Flexible Budgets and Budget Estimates

    273092 Flexible Budgets and Budget Estimates EXERCISE 23.10 Preparing a Flexible Budget LO6 The flexible budget at the 70,000-unit and the 80,000-unit levels of activity is shown below.

  • Outline the behavioural aspects of budgeting

    Motivation is an important underlying factor in ensuring that achievable budgets are set and that the managers with the responsibility for each of the elements of the budget have a very good chance of achieving their objectives.

  • Regression Analysis

    107966 Regression Analysis Find: (a) explained variation (b) unexplained variation (c) total variation (d) coefficient of determination (e) standard error of estimates s^e Listed below are budgets in millions of dollars and the gross receipts

  • Budgets and Policies

    468521 Budgets and Policies Budgets are plans of action based on forecasted transactions, activities, and events that are synonymous with managing an organization.

  • Public Budgeting: Distinguish

    The estimate of total value of resources required for the operations includes reimbursable work or service for others. It also adds estimates of workload in terms of total work units identified by cost accounts.

View More Related Solutions