Below are the solution: Question 1 Prepare a new contribution report for February‚ in which: * The static budget column in the contribution report is replaced with a flexible budget column. * The variances in the contribution report are recomputed as the difference between the flexible budget and actual columns. Answer Particulars | Static Budget | Flexible Budget | Actual | Variance | Unit (pounds) | 200000 | 225000 | 225000 | 0 | Revenue | 1600000 | 1800000 | 1777500 |
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Assignment Grading Criteria Budget Management Analysis Week Five 1. Write a 1‚200- to 1‚500-word paper‚ which includes a cost variance‚ in which you complete the following: Determine specific strategies to manage budgets within forecasts. Zero based (analyzes every expense within an organization and justifies the need and cost of each)‚ activity based (is the gathering of the operating cost data‚ which is assigned to specifc activies such as engineering) performance based (performance dashboard
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concerned with the transaction of financial resources into human purpose. Budget is refer to the spring financial statement‚ which focus on tax. There are a few principles of good budgeting that is comprehensiveness‚predictability‚ transparency and periodicity. Budgeting is effective in facility process when it forces awareness of overall fiscal constraints‚ enables the priontization of spending in the linewith policy objective. The budget objective is to aggregate fiscal disipline‚ allocative efficiency
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FOCUS ON BUDGET 2013 budget was enacted to improve the standard of living in the country. The Government will also ensure that people get the best services and maximum benefits as a result of the implementation of development programs and projects. Therefore‚ the 2013 budget is designed themed "MEMAKMUR NEGARA‚ MENSEJAHTERA RAKYAT: A promises are kept" by focusing on five key focus. The five focus was to stimulate investment activity; strengthen education and training; entrenched innovation‚
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The budget speech for 2013/2014 was given by Finance Minister Pravin Gordhan at the National Assembly in parliament‚ Cape Town on the 27 February 2013. Priorities Infrastructure – the government will over the next 3 years invest R827 billion into building new and upgrading existing infrastructure. Spending plans over the next 3 years include: * R5.2bn is to the local government equitable share * R4.2bn to the provincial government share * R3.2bn to the Passenger Rail Agency of SA
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projects are independent. Which project(s) should Amaro accept‚ based on the profitability index rule? (d) Suppose these three projects are mutually exclusive. Which project(s) should Amaro accept‚ based on the profitability index rule? (e) Suppose Amaro’s budget for these projects is e 300‚000. The projects are not divisible. Which project(s) should Amaro accept? (f) What would be Amaro’s choice‚ based on the IRR rule? 2. You are a senior manager at Airbus and have been authorised to spend up to e 200‚000
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BANGLADESH BUDGET Growth: the world economy was close to a collapse due to the recent Global economic crisis. However‚ the global economy has turned around and recovered from recession faster than expected. The process and pace of recovery‚ however‚ varied in different regions of the world. In the recovery process‚ the developing Asian economies made remarkable strides. According to the latest forecast‚ the world economic growth is expected to reach 4.2 percent in 2010 whereas it shrank to
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TOPIC 7 cont.: ACCOUNTING FOR SHORT-TERM MANAGEMENT PLANNING Lecture Illustration CASH FLOWS Oz designs is in the process of preparing a cash budget for the three months of April‚ May and June 20X9. All sales are on credit. The company collects 50% of its sales in the month the sales are made‚ 40% in the month following the sale and 10% in the second month following the sale. 75% of all purchases are paid for in the month they are purchased‚ with the remaining 25% paid for in the following month
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Preparing a Budget Request Strayer University 505 Public Budgeting and Finance 11/1/12 Preparing a Budget Request Dear‚ City Council As the chief of police for a midsized city of 75‚000 residents‚ my crime is lower in the downtown area than in other parts of the city because of the population growth I need total of three new police officers even though I currently have 30 uniformed officers and 12 support staffs. I have a request to the city council about hiring three more new police
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December 1‚ 2013 Fundraising Budget The project at hand consists of selling cookies for five weekends at the team’s home games. The cookies will be baked in the school cafeteria and there will be paid laborers to clean up the kitchen after completion. The goal is to bake 12‚000 cookies in order to have 500 packages consisting of 24 cookies in each package. The way the recipe is‚ each batch will make about 2 packages which means‚ at least 250 batches must be made to meet the goal. In order
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