Most people believe that they should live their life happy by taking action and some believe they should live their life sad by not taking action.William Shakespeare explores this idea in Hamlet‚ a play that was written by‚ Shakespeare‚ during the Renaissance Era explains a main issue with prince of Denmark‚ Hamlet is portrayed as a character that lived his life sad/depressed by holding back‚not taking action and not showing he’s authentic self. Because of the tension between character’s internal
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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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flexible budget? A flexible budget projects budget data for various levels of activity. The flexible budget is a series of static budgets at different levels of activity. The flexible budget recognizes that the budgetary process is more useful if it is adaptable to changed operation conditions. Flexible budgets can be prepared for each of the types of budgets include in the master budget‚ so depending on your particular business you will have different budgets in your flexible budget. • What
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units at an average sales price of $39.75. The total dollar amount of the flexible budget sales variance is a favorable variance of $. Smith Wholesale’s budgeted sales price is $40 per unit for a budgeted sales volume of 5‚000 units. The actual performance was 5‚500 units at an average sales price of $39.75. The dollar amount of sales variance to the difference in actual and budgeted volume is a favorable variance of $. McCarver Roofing’s budgeted manufacturing costs for 22‚000 squares of shingles
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Retail Marketing‚ budget variance vs. actual for Jun 2011. Sure‚ Let me get my notes out that I had submitted to your group. I emailed you a copy as well with your comments for this review. Did you receive it? Yes‚ I did Ok‚ there were 3 main categories where the variance between actual and budget were the highest. Those categories are Compensation‚ Marketing‚ IT‚ and then we put everything else from your department into other. Correct. I have my notes here when we put the budget together last
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1. There are many criticisms about budget‚ but using budget can increase sales‚ decentralize and empower to lower level. According to the reading articles‚ budgetary can replace the fixed performance target with openness and transparency. And also management can give employees more freedom to manage. For example‚ Musimundo did not have budget before 2004. After 2004‚ it had established budget system. The budget was separated in two ways which were bottom-up and top-down. Employees who are at the
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When managing a project‚ there are several factors that project managers must consider that will ensure a successful project. The steps will help assemble‚ develop and manage a project team. In addition‚ planning allows for smother execution and addresses how managers can evaluate the progress and performance during the project. American Bank of Indiana (ABI) has recently acquired First America Financial Service Group (FAFS)‚ this acquisition will require the project manager to structure a project
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LABOR COST VARIANCE CAN BE SPLIT INTO • Direct labor rate variance (P) Calculation: actual total labor costs - (total actual labor hours worked x budgeted labor hour rate) Interpretation: calculates the portion of labor costs variance driven by the changed labor rate per hour Possible reasons for variances: changes in staff qualification and skills‚ general increase of wages in economy‚ premiums paid to finish a job quickly‚ poor budgeting • Direct labor quantity (efficiency) variance (P) Calculation:
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The unconventional political action is unnecessary on numerous grounds‚ including taking away freedom of choice and it denigrates the foundation of democratic societies. Many societies experience unconventional political action‚ since it is a cycle of two way politics (conventional and unconventional). For example‚ the unconventional political actions after World War I in Germany resulted in many revolts and instabilities in German government. Not only different factions of Communists and Democrats
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BUDGET MANAGEMENT ANALYSIS To have a basis in illustrating the analysis of variance or difference between budgeted and actual figures‚ the budget of a sampled (unknown) company was utilized (http://www.smallbusinessnotes.com/business-finances/budgeting-systems.html). | | | | | | | | |
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