Katie Ebert JET2 Task 2 #000276281 There are a few areas of concern when looking over Competition Bike’s budget for the upcoming year (Year 9). This budget estimates that 3‚510 units will be sold. CB has just experienced a 15 % decline in sales‚ due to the economic situation. In year 8‚ CB sold 3‚400 units. This flexible budget is allowing 110 more units be added into the mix. Although sales trends have remained consistent‚ despite the decline in sales from professional riders‚ it might
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Financial Analysis Task 2 A1. Concerns There are a couple of concerns with Competition Bikes Inc.‚ ProForma for year 9. The first concern is the amount of money that is allocated to research and development. For the previous three years‚ they have been all over the board with their budgets. The sixth year was $71‚460‚ the seventh year was $98‚280‚ and the eight year was $82‚284. This is concerning that the budget has fluctuated so much. In the ninth year they have allocated $85‚861. This budget
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and is leader in the market with the CarbonLite products they provide. These results are transparent in the budgets from the last few years; however‚ the most recent budget contained several unfavorable variances that may be an indication that some changes are needed. Budget planning‚ identifying unfavorable variance‚ and correcting those variances can make or break the financial position of a company. The following is a summary report that discussed budgetary areas that raise concern in budget planning;
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dollars Variance = Actual Direct labour cost - Budgeted Direct Labour cost =4‚813‚000 dollars - 4‚400‚000 dollars = 413‚000 dollars The variance is said to be unfavorable because the actual amount spent on direct labour is more than the amount that is budgeted for‚ meaning that Kaufmann spent more on
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preferred (LP)‚ and back-up (BU) styles. These styles classified into two main categories of favorable conditions and unfavorable conditions. My most preferred style under favorable condition is controlling taking. My most preferred style under unfavorable condition is conserve holding. My confirming target helps me understand my blind spots under favorable and unfavorable conditions. My strengths under favorable conditions are competitive‚ confident‚ and persuasive. An example of my competitive strengths
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Managerial Accounting Case ‘Waltham Motors Division’ Answer 1: Breakeven point If Waltham Motors Division sells 13‚326 units‚ it will breakeven. But why Waltham incurred net losses when it sold more than 13‚326 units in May? The unfavorable cost variances (see answer 2 and 3) and Waltham’s high operating leverage were major reasons for its financial problems. Waltham’s operating leverage is 3.85 times‚ which indicates that the operating income is very sensitive to changes in sales. Answer
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Contents 1. EXECUTIVE SUMMARY 1 2. INTRODUCTION 2 2.1 MARKET RESEARCH TERMINOLOGY DEFINITION 2 2.2 IMPORTANCE OF MARKET RESEARCH 2 2.3 TRUEARTH PROFILE 3 3. MARKET OPPORTUNITY 3 4.PRODUCT DEVELOPNMENT 5 5. FORECASTING PIZZA SALES 6 5.1. STEP 1/ESTIMATE THE TRIAL VOLUME 6 5.2: STEP 2/ESTIMATE THE REPEAT PURCHASE VOLUME 7 5.3: STEP 3/ESTIMATE THE TOTAL PURCHASE VOLUME 8 6. CONSUMERS’ VIEW OF REFRIGERATED PIZZA COMPARED TO OTHER SUBSTITUTES 9 6.1 IMPACT OF TRUEARTH PIZZA ON OTHER CHOICES
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“Ethical Egoism: an action is morally right if the consequences of that action are more favorable than unfavorable only to the agent performing the action. • Ethical Altruism: an action is morally right if the consequences of that action are more favorable than unfavorable to everyone except the agent. • Utilitarianism: an action is morally right if the consequences of that action are more favorable than unfavorable to everyone.” In this paper‚ I would like to spend the most time on utilitarianism.
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disregarding important objective caused a contradictory result as the direct material usage turned up to be unfavorable. Furthermore‚ there is
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Boston Creamery‚ Inc. Favorable Variance Due to Sales: Volume $ 117‚700 Price $ 12‚000 Unfavorable Variance Due to Operations: Manufacturing $ 99‚000 Delivery $ 54‚000 Advertising $ 29‚000 Selling $ 6‚000 Administration $ 10‚000 Net Variance - Favorable F F $ 129‚700 F U F U F F $ 58‚000 U $ 71‚700 F Frank introduces his profit variance schedule to Jim Peterson Frank Q: What changes would you make in this variance analysis schedule? Frank Robert’s Schedule Favorable Variance Due to Sales:
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