Reference no: EM13301242

Part A:

Topic: Participation in the budgeting process is often hailed as a motivator for improved performance outcomes, however, some authors have suggested that forced participation may fail to empower or motivate employees and may even result in a diminution in performance.

Present a case for and against employee participation in the budgeting process.

Marks will be awarded for correct citations of authors, journals and text references (a minimum of six different references is required). Web addresses will not be accepted. A minimum of five arguments for and five against are required, and you will be awarded marks for clarity of ideas, fluency and accuracy of expression.

Part A of the assignment will be available no later than week 7 and the assignment is to be submitted in the tutorial of week 11. You may be required to submit your assay via Turnitin. A hard copy of the assignment must be submitted in the tutorial.

Late assignments must be submitted via the Faculty Office and will be date stamped by the office staff. A one mark penalty will be applied for every calendar day the assignment is late.

Required:

Prepare the following Budgets for the months of October and November only:

a) Sales Budget

b) Production Budget (in units only)

c) Materials Cost Budget

d) Wages Cost Budget

e) Production Overheads Cost Incurred Budget

f) Total Production Cost Incurred Budget

g) Raw Materials Purchases Budget

h) Marketing and Administration Cost Budget

i) Cash Receipts Budget

j) Cash Payments Budget

k) Summary Cash Budget

l) Budgeted Profit and Loss Statements (include a fixed overhead volume variance)

m) Budgeted Balance Sheets