BUS 503 - Budgeting Assignment
Problem 9-42 - Original Problem.
l. Sales Budget :
Total sales .
Sales on account .
Testing and Packaging Operations
This case was written by Sapna Gupta under the supervision of Stephen Hillegeist, Assistant Professor of Accounting
and Control at INSEAD. It is intended to be used as a
Average number of tourists per cruise
Average charge per person with group discounts
Number of crews
Per diem wages of crew
Refreshment and light lunch per person
PROBLEM 6-38 (25 MINUTES)
Variable maintenance cost per hour of service
Total maintenance cost at 300 hours of service.
Variable maintenance cost at 300 hours of service (300 hr. $7.50).
Fixed maintenance cost per month.
1. Baxter Company, which pays a 10% commission to its salespeople, reported sales
revenues of $210,000 for the period just ended. If fixed and variable sales
expenses totaled $56,000, what would these expenses total at sales of $168,000?
In regression analysis, the variable that is being predicted is known as the:
A. independent variable.
B. dependent variable.
C. explanatory variable.
D. interdependent variable.
E. functional variable.
1. Mohammed Products has determined that the numbe
1. Which of the following situations would cause variable-costing net income to be
lower than absorption-costing net income?
A. Units sold equaled 39,000 and units produced equaled 42,000.
B. Units sold and units produced were both 42,000.
C. Units sold e
unit selling price
unit va costs
unit cotribution m
increase in unit
increase in total C
decrease in fixed c
increase in segmen
Award: 0.10 out of 0.10 points
Problem #1 (Chapter 2)ok
The MMM Company recorded the following transactions for February 20x1:
Materials Work in process
Beginning inventory xx,xxx 2
1.Cheetah Manufacturing Company incurred $300,000 of direct labour and
$10,000 of indirect labour. The proper journal entry to record these events
would include a debit to Work in Process for:
$0 because Work in Process should be
What is meant by internal controls?
Generally speaking, the Internal Control is a process which is designed by a companys management to
provide reasonable assurance regarding the achievement of objectives in the following categories:
1. effectiveness and
PROBLEM 2-43 (35 MINUTES)
SAN FERNANDO FASHIONS COMPANY
SCHEDULE OF COST OF GOODS MANUFACTURED
FOR THE YEAR ENDED DECEMBER 31, 20X2
Raw-material inventory, January 1.
Add: Purchases of raw material.
Raw material available for use.
PROBLEM 9-43 (60 MINUTES)
Sales (in units)
Sales price per unit
Production budget (in units):
Add: Desired ending inventory.
Total units needed.
FROM: Ying Kang
DATE: April 27th, 2015
SUBJECT: Sensitivity analysis of budget
This memo indicates that sensitivity analysis of the budget in Global Electronics
Company, and help the company has a better financial out
FROM: Ying Kang
DATE: April 12th, 2015
SUBJECT: Sensitivity analysis of two possible actions
This memo shows that sensitivity analysis of two possible actions in two assumptions.
Firstly, I will calculate the changes in dif
Sailing Voyages, INC.
April 24, 2014
Sailing Voyages, INC. Decision Model
We have built a model that shows how many cruises Sailing Voyages, INC. would need
to sale to maintain a high profit. The purpose fo
To: President of Global Electronics Company
From: Xuan Qiao
Date: May 1st, 2014
Subject: Budget and Sensitivity Analysis
Scope and objective of the budget you prepared
In order to help Global Electronics Company make the b
FROM: Amber, 11786424
DATE: April 11st, 2014
SUBJECT: Sensitivity analysis for the two possible actions
This memo is focus on building the sensitively analysis for the two possible actions in
two assumptions. The memo will firstly calcu
PROBLEM 7-44 (45 MINUTES)
Break-even point in units:
Break -even point
unit contribution margin
Calculation of contribution margins:
Variable selling cost.
President of Superior Metals Corporation
DATE: Apr 5, 2015
SUBJECT: Decision making on choosing better action.
The purpose of this memo is to use data given in problem 3-49 to analysis which one
of the actions the com
May 5th, 2015
SUBJECT: Sensitive analysis on the budget schedules
Scope and objective
The purpose of the memo is to analysis data in different cases. In original case data, I
prepared nine budgets whic
BUS 503 Accounting Information for Decision-Making
Computer Assignment #2 - Budgeting
The objectives of this assignment are to: a) enhance your understanding of the budgeting process; b) develop
your skills in performing a sensitivi
Superior Metal Corportion
Schedule of CostoOf Goods Manufactured
For the Year Ended Dec 31,20x4
Add: Purchase of raw material in 20x4
Raw material available for use
Deduct: Raw material inventory,
PROBLEM 14-44 (25 MINUTES)
Unit cost if purchased from an outside supplier .
Incremental unit cost if manufactured:
Direct material . 6
Direct labor .
$16 $10 per hour fixed .
$32 (2)($10 per