IGNOU MBA MS - 04 Solved Assignment 2011 ------------------------------------------------- Course Code : MS - 04 ------------------------------------------------- Course Title : Accounting and Finance for Managers ------------------------------------------------- Assignment Code : MS-04/SEM - I /2011 ------------------------------------------------- Coverage : All Blocks Note: Answer all the questions and send them to the Coordinator of the Study Centre you are attached with. 1. Following
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income and expenses for the rest of 2013 to prepare for a budget. There is no penalty for being a bad estimator since the goal of the project is to learn more about yourself and/or your family. Then based on your estimates construct a preliminary budget for the rest of the year from Oct 1‚ 2013 to December 31‚ 2013. Knowledge of your income‚ consumption patterns‚ and life style is an important basis for your financial planning decisions. The budget is worth another 20 points. C. The spending
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23.6 – Elements of the Budget Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A: 1. Budgeted income statement a. Direct materials budget 2. Budgeted balance sheet b. Cost of goods sold budget 3. Cash flow budget c. Production budget 4. Cost of goods sold budget d. Payables budget 5. Production budget e. Sales budget 6. f. Budgeted income statement 1. Budgeted income statement – e. Sales budget 2. Budgeted balance sheet
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Problem P9-1A Zelmer Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2012. 1. Sales: Quarter 1 28‚000 bags; Quarter 2 42‚000 bags. Selling price is $60.00 per bag. 2. Direct materials: Each bag of Snare requires 4 pounds of Gumm at a cost of $4.00 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired inventory levels:
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companies means these companies with effective budgetary control and distribute the amount of budget to the necessary section could decrease the amount of expenditure in the company and also increase the amount of profit. In today’s world the Planning and control are major activities of management in all organizations. Budgets are central to the process of planning and control. The involvement with budgets places the management accountant as a key player in the provision of management information
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Ado Ekiti University‚Ado. Project on…. The analysis of the effectiveness of a management accounting technique in an organisational setting- With Reference to Guinness Nigeria Plc. 4988 Words TABLE OF CONTENT Title page Chapter one 1. Introduction 2. Decision-making and management accounting information 3. The concept of Budgeting and Budgetary controls
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Introduction: This unit deals about Controlling - Process of controlling; Making Controlling Effective; Techniques of Controlling. As seen from the previous case study‚ we identified the primary issue in the Mahindra & Mahindra is lack of proper control over its products. Controlling is the measurement and correction of performance in order to accomplish company’s aims and objectives. Also‚ planning and controlling are inseparable (Siamese twins) because we can’t decide whether we are going in the
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CHAPTER 6 MASTER BUDGET AND RESPONSIBILITY ACCOUNTING 6-16 (15 min.) Sales budget‚ service setting. 1. |McGrath & Sons |2009 Volume |At 2009 |Expected 2010 |Expected 2010 Volume | | | |Selling Prices |Change in Volume | | |Radon Tests |11‚000 |$250 |+5% |11‚550
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sales budget is a detailed schedule showing the expected sales for the budget period. Typically‚ it is expressed in both rupees and units of production. An accurate sales budget is the key to the entire budgeting in some way. If the sales budget is sloppily done then the rest of thebudgeting process is largely a waste of time. The sales budget will help determine how many units will have to be produced. Thus‚ the production budget is prepared after the sales budget. The production budget in turn
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Curbing Graft and Corruption A DBM Job That Goes Beyond Budgeting Itself By: John E. Lansangan Department of Budget and Management With the financial crisis slowly creeping out itself from the Asian economic landscape‚ many countries in Asia have realized how crucial the policy and structural reforms that they laid down in the past two decades were. Many weaknesses were exposed ranging from governmental to economic‚ financial to political‚ and social to moral. One area that has been
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