Discuss the budgeting process

Assignment Help Financial Accounting
Reference no: EM13303668

It is time for the annual budgeting process at your call center company. To kick-off the process, all the department managers and the plant accountant are meeting to discuss the budgeting process.

In your department, the department which receives incoming customer phone orders, the accountant has given you the following information:

Expense 1

salaries

Expense 2

temporary help

Expense 3

office supplies

Expense 4

utilities

You know from experience that some of these expenses seem to go up or down as factory volume goes up or down, while others stay pretty constant.

For each expense category:

  • classify it as being fixed, variable, or mixed
  • explain the logic of your classification

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

Reference no: EM13303668

Questions Cloud

What is the balls initial kinetic energy : A 6.43 kg ball is thrown upward with an initial speed of 14.34 m/s. Ignore air resistance when answering the following questions. What is the ball's initial kinetic energy
How much was joey charged in interest for the billing cycle : If his credit card's APR is 13%, how much was Joey charged in interest for the billing cycle?
What is nominal yearly interest rate on a loan with interest : what is the nominal yearly interest rate on a loan with quarterly interest of 3% with quarterly compounding
Explain the project manuals for python and java : Overview: Understand TCP socket programing by developing a (multi-threaded) Web server. You may use Python, Java, or C++ as the programing language. The project manuals for Python and Java are attached to this document, which have provided partial..
Discuss the budgeting process : It is time for the annual budgeting process at your call center company. To kick-off the process, all the department managers and the plant accountant are meeting to discuss the budgeting process.
What is the current share price : Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.70, $16.70, $21.70, and $3.50. Afterwards, the company pledges to maintain a constant 5.50 percent growth rate in dividends, forever.
What is capacity of highway section and speed at capacity : a section of highway has the following flow- density relationship: q= 50k - 0.156k^2 what is the capacity of the highway section, the speed at capacity, and the density when the highway is at one-quarter of its capacity
What is the current share price : Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.70, $16.70, $21.70, and $3.50. Afterwards, the company pledges to maintain a constant 5.50 percent growth rate in dividends, forever.
Which of the two companies he will buy : He is trying to decide which of the two companies he will buy. Tobacco Company of America's cost of capital is 10 percent.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determining tax effect of transaction

A firm is selling an existing asset for $5000. The asset when purchased cost $10,000, was depreciated under MACRS using a five-year recovery period and has been depreciated for four full years.

  Compute the current ratio the debt to equity ratio

Compute the current ratio, the debt to equity ratio, and return on sales ratio. Seventy-five percent of liabilities are current. Of the current liabilities, 80% percent is accounts payable.

  Meyers should increase liability by what amount

If taxable amounts related to the temporary difference are scheduled to be reversed by $300,000 for both 2011 and 2012, Meyers should increase or decrease deferred tax liability by what amount?

  Financial statement effects of fifo and lifo

Inventory on hand at December 31, 2009, consisted of 40,000 units valued at $3.00 each - would have different amounts for 2011 if LIFO rather than FIFO had been used, and state the new amount for each account that is named

  Square footage requirements and effective utilization

Square footage requirements and effective utilization - If you're new strip mall will have 15,000 square feet of retail space available to be leased, to which businesses should you lease and why?

  Prepare a consolidated balance sheet

Prepare a consolidated Balance sheet and journal entries from the data - Balance Sheet of Big as of 2006

  Make a segmented income statement

Prepare a segmented income statement in the contribution format for the company. Omit percentages; show dollar amounts.

  Prepare a variance analysis report with both flexible-budget

Prepare a variance analysis report with both flexible-budget and sales-volume variances.

  Evaluate the missing quantity

Use the expanded accounting equation to compute the missing quantity.

  Depreciation affect gain or loss on sale of the plant asset

How would using the sum-of-the-years'-digits method of depreciation instead of the double-declining-balance method of depreciation affect a gain or loss on the sale of the plant asset?

  Find out deet park net income

Find out deet park's net income for 2008 . Prepare a balance sheet for deer park

  Prepare the amortization schedule for the bonds

Prepare the amortization schedule for the bonds. Prepare the journal entries to record the semiannual interest on July 1, 2010, and December 31, 2010.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd