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 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
Premium Variable cost Costs Fixed cost
Production Budget: Learning Objective of the article: 1. Define and explain production budget. 2. Prepare a production budget. Definition and Explanation of Production Budget: Theproduction budgetis prepared after thesales budget. Theproduction budgetlists the number of units that must be produced during each budget period to meet sales needs and to provide for the desired ending inventory. Production needs can be determined as follows. | Budgeted sales in units-------------------
Premium Inventory Manufacturing Budget
American Government Balance the Budget When it came to the budget simulator I went in there with a general idea of what I wanted to do‚ and the results were surprising. I was able to cut the deficit by $256 billion leaving a deficit of only $144 billion. I was not able to completely balance the budget which is disappointing but I made a significant difference. It was very difficult to make a balanced budget which I felt was fair but I’m sure many people would feel my cuts and increases were
Premium Tax Soldier
Importance of Cash Budget A cash budget is a projection of how your business will earn and spend money during an upcoming period. Preparing a cash budget is important because the process forces you to think about your expectations and plan for the future. It is important to follow your cash budget--unless unforeseen circumstances arise--because adherence to a plan can discipline your spending. The most immediate practical benefit of a cash budget is restricting your spending so
Premium Cost Small business Business
to the cost of that vacation‚ the budget is a very important issue to decide the possible destination. Every one looks to the dream vacation but we have to adapt it to our budget. The people with a low budget have limited choices or ability to enjoy their vacation in their countries. On the other hand the people with a high budget can visit variety of places. The vacation will be affected directly by type of budget: low budget‚ medium budget‚ and high budget. The first group includes
Premium Paris Louvre
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
Premium Police Constable
Budget Report Sample Due: November 18th‚ 2011 Part I (20 points) 1. ClearCheckbook Spending Patterns and Graphs Over the past few months you have been entering data into www.clearcheckbook.com i. By looking at representations of your spending over the past 3 months‚ comment on your general spending pattern. Do you see room for improvement and in which areas? Justify your answer and provide a pie chart for each month. * For the Pie Chart‚ Go to ClearCheckbook – Click on
Premium Expense Coffee Chart
Question: Budget acts as planning and monitoring tools. Critically evaluate. A budget is a financial plan for the future concerning the revenues and costs of a business. However‚ a budget is about much more than just financial numbers. Without a budget‚ the business owner is literally shooting in the dark when it comes to trying to plan expenditures for the business and match them to sales revenue. Budget is not only a plan of action for a business; it is also a tool for monitoring performance
Premium Net present value Cash flow Rate of return
Project Execution‚ Monitoring‚ and Control The project life cycle uses four phases to describe how a project starts‚ peaks‚ and declines as the project is delivered to the customer. The process of putting the plan into action is the execution phase and consists of creating the project team‚ monitoring the project‚ and controlling changes. Monitoring is the process of assessing project performance. Project control is the process of controlling the deviations from the plan (Gray & Larson‚ 2008)
Premium Project management
Execution and Results in a Crisis Situation Group C Keerati Trantien Kewalee Auwattanasombut Olav Emblem Richard Diring Rozana Sahami National University Dr. Iraj Mahdavi July 25‚ 2015 Execution and Results in a Crisis Situation 1. In the Kirkpatrick and Shane article‚ several leaders are mentioned including President George W. Bush‚ Homeland Security Chief Michael Chertoff‚ and FEMA Director Michael D. Brown. Briefly evaluate each of these leaders on their overall effectiveness at
Premium George W. Bush