Analysis Of Budgeting

Analysis of budgeting Analysis of charter school budget budgeting Q1) Static or flexible budget The model budget of charter school is considered as flexible in nature on numerous grounds. Initially, the budget of charter school has been created using three diversified level of output i.e. budget is developed on assuming the students ...

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Financial Accounting

Financial Accounting Financial Accounting Balance Sheet Balance sheet shows a comprehensive picture of the organization's overall financial happenings. A clean balance sheet indicates that the company has no significant debt during the statement period. A balance sheet is one of the most important parts of the accounting cycle. Bodies like Generally Accepted Accounting ...

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Mod 4 Slp Variable Costing

MOD 4 SLP Variable Costing Module 4: Variable Costing Lewis Company Contribution Margin Income Statement Lewis Company Variable Income Statement For the period ending Dec. 31, 2012     Sales $ 2,700, 000 Less: Variable Expenses   Direct material $ 1,080, 000 Direct labor $ 540,000 Variable overhead $ 360, 000 Variable selling and administrative $ 90, 000 Total Variable Expenses $ 2, 070, 000     Contribution ...

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Mod 5 Slp Budgeting

MOD 5 SLP Budgeting MOD 5 SLP Budgeting Q1) Lewis Company is known for producing quality product, and the company has recently received an offer from new customer to produce 1100 unit of new product C (Ozer, 2003). Developing a new product is not an easy task, as it requires company to ...

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Accounting Analysis

ACCOUNTING ANALYSIS Accounting analysis Accounting Analysis Task 1 The amount required in starting a business (hotel) is approximately 1000000. The amount of capital that will be invested is 700000 and the remaining amount will be financed from the bank with an amount of 200000 and the remaining 100000 will be financed from the friends ...

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Accounting

ACCOUNTING Accounting and management assignment Accounting and management assignment Q1) Calculation of breakeven point Fixed cost = salary + rent + maintenance Fixed expenses = £11000+ 4000 +1000 = 16000 Variable cost = £6000 General expense per guest = (food + electricity + domestic + minibus) £ (25+3+5+10) = £38 General expense per 15 guest = ...

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Variable And Fixed Cost

Variable and fixed cost Variable and fixed cost Solution A Contribution Margin Income Statement Herrestad Company For year 2011 Price Per Unit $250.00 Number of Units Sold 8000 Total Sales $2,000,000 Less: Variable Production Costs $1,440,000 Less: Variable Selling Costs $80,000 Total Variable Costs $1,520,000 Contribution Margin $480,000 Less: Fixed Production Costs $200,000 Less: Fixed Selling and Administrative Costs $100,000 Total Fixed Costs $300,000 Income ...

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Allocating Fixed Costs

Allocating Fixed Costs Allocating Fixed Costs Computations Income Statement of the company for the year 200X Product AProduct BTotal Sales$960,000$1,080,000$2,000,000 Less: Variable Expenses Direct Material$560,000$240,000 $800,000 Direct Labor$120,000$360,000 $480,000 Variable Overhead$80,000$120,000 $200,000 Variable Selling & Admin $26,000 $54,000 $80,000 Total Variable Expenses$786,000$774,000$1,560,000 Contribution Margin$174,000$306,000 $440,000 Fixed Expenses Fixed Manufacturing Overhead$200,000$200,000 $200,000 Fixed Selling & Administration$100,000$100,000 $100,000 Total Fixed Expenses$300,000$300,000 $300,000 Net Operating Income/Loss$126,000 -$6,000 $140,000 (http://www.pearsoned.ca/, n.d.) Comment The execution ...

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Budgeting

Budgeting [Name of the institute] Accounting Analysis Question 1 For Product C Customer wants to buy 1000 units for the new product C, while willing to pay only 150 per unit Hence the Sales of the Company will be (1000*150) = 150000 Cost of the direct material decrease by 12 per unit, it means the direct ...

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Budgeting

Budgeting Module 5: Budgeting Part I: Planning Function of a Budget In the first part, we have to discuss regarding idea of managerial accounting. This knowledge has been applied to a sample of charter school budget. This budget has been prepared through assumptions that student has been enrolled on three level bases i.e. ...

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