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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to look at itself and say where would we want to be in 10 years? To accomplish their goals they looked at the facilities department and asked us what we could do to save money and get more production out of its associates. So we came up with a few plans one was energy management‚ we told them that we could go into the PLC and add timers to the conveyor systems. Well they liked the idea just not the time frame it was going to take many hours programming and verifying that everything worked they came
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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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Personal Budget Explanation 1. Personal financial goals: It is such a good idea to get financial goals written out right in front of me‚ (not just financial goals‚ but any goals!). I think the process serves as a good reminder of what needs to be accomplished and where priorities should be. I have checked three off the list‚ and it probably would have taken me longer had I not written these out! I always forget how good it feels to “check” things off. 2. Develop financial plans and strategies
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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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Budget management analysis is commonly used by mangers as a tool helping to make sure that all resources in existence get put to use correctly. The budgets are determined annually because they are determined by the preceding year’s budget and differences. Budgets can be controlled by specific techniques to control budgets within prediction‚ consider five to seven expense results with budget anticipations‚ explain possible factors that cause fluctuations‚ present ways to keep results associated with
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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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Interim Budget 2014 Global cues not to overly hit India‚ India held its head above water during global crisis Fiscal deficit for 2013-14 will be contained at 4.6% Export seen at $326 billion showing 6.3 per cent year-on-year growth Growth for FY14 estimated at 4.9%; Q3‚ Q4 growth seen at 5.2% I reject the argument of policy paralysis Let history be the judge of last 10 years Economy in much better shape now than it was two years ago 10-year trend growth rate at 6.2 per cent‚ UPA I and II
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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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Case Title: Milliones Manufacturing Company I. Point of View The president II. Time Frame Three months III. Statement of the problem There is a 5 day lag between the time the company shipped an order and the time invoice of the order went into the mail. And this lag results for the delay of the costumer’s payments‚ thus slowing down collection of receivables. IV. Statement of objective The objective is to clear the bottleneck that result to unproductive
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