M4 & P6 In a business‚ there are several different types of budgets that has different department/area the business has to make. For example‚ in a business‚ you can find the sales and revenue budget (a financial document that set out the business expected sales and revenue from selling its products or services)‚ the expenditure budget (financial document that sets out the expected expenditures of a monthly basis on those items) and the profit budget (financial documents that sets out the predicted
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"Hallstead Jewelers was one of the largest jewelry and gift stores in the United States for 83 years. Customers came from the tri-state regions to buy from Hallstead’s extensive diamond collections in each department. Any gift from Hallstead’s had an extra cache attached to it as they were known for having the best. Even though the principal retail shopping areas shifted two blocks west‚ Hallstead’s reputation and selection still brought in customers. In 1999 however‚ sales became stagnate
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15000 mgr wife 2400 5600 Desk clerk 2880 2880 Maids (4) 7200 21600 Total 27480 45080 Payroll taxes & fbt 5496 9016 Depreciation 30000 30000 Property taxes 4000
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Thomas Money Service INC. was established in 1940 with plans on just supplying loans for small household needs. After the success of simply expanding the company‚ they began to issue commercial real estate loans‚ business acquisition financing‚ and business loans. In 1946‚ Thomas Money Service decided to expand the business incorporating equipment financing with a sister company named Future Growth Incorporated because of the high demand for construction and forestry equipment. In the process‚ the
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UVC (Unit Variable Costs) = = $48.00 - $28.49 = $19.51 USP = Sales / Units sold = $864‚000.00/18‚000 = $48.00 UVC = Total variable costs / Units produced = $512‚800.00/18‚000 =$28.49 Conclusion: The company should produce‚ based on the budget data‚ at least 13‚326 units in order to cover all its costs. Q2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) was allocated to planned production? What
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product sold. Total cost is the amount of money it costs to operate at a particular rate of production (Baker‚ 2000). There are two types of cost: variable and fixed. Fixed costs are those that remain the same regardless of production and variable costs are those that change with production. Marginal cost is the addition either to total cost or total variable cost resulting from one more unit of output (McConnall & Brue‚ 2008). Usually this is found by dividing the change in total cost by the change
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UVC (Unit Variable Costs) = = $48.00 - $28.49 = $19.51 USP = Sales / Units sold = $864‚000.00/18‚000 = $48.00 UVC = Total variable costs / Units produced = $512‚800.00/18‚000 =$28.49 Conclusion: The company should produce‚ based on the budget data‚ at least 13‚326 units in order to cover all its costs. Q2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) was allocated to planned production? What
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Chapter 9: Budgeting Discussion Questions 9.1 State the different types of budgets that may be prepared. Different budgets include: sales or fees budget; operating expenses budget; production and inventory budgets; budgeted income; cash budget; budgeted balance sheet; and the capital budget. P9.7 Preparation of receipts from debtors schedule and cash budget Ken Martin‚ manager of Lonnie Car Repairers‚ has requested that you prepare a cash budget for the months of December and
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TO: FROM: DATE: SUBJECT: Shuzworld distribution pattern gives a clear view of Shuzworld strategies of growth from it’s foundations to becoming a company niche in the market. From the spear headers tactics they therefore used different combination of patterns driving the company to have explosive achievements. It laid on a plan to enter in to the mass market with a clear mission of becoming a nation wide retailer that was in between it’s foundation in 1965 to 1980s to date where it is
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combinations results in the same amount of utility or pleasure or satisfaction. As a consumer travels along the indifference curve (consuming the different combinations of goods)‚ the result from the different combinations of consumption is the same level of total utility or combined satisfaction. Therefore the consumer is just as happy with either choice of consumption combination or indifferent to choosing one group over the other. Indifference curves can then be utilized to visually show individual consumer
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