What is the concept of outsourcing

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Reference no: EM133204405 , Length: Word Count: 1000 Words

Assignment - Outsourcing Budgets & Variance Analysis Questions

Description - Many questions in both the Complete sections will have more than one part. Be sure to answer each part of each question. If a question requires mathematical calculations, in order to meet the word count quota, after solving please explain the calculations. Apply research information from other websites or periodicals.

1. What is the concept of Outsourcing? What is the rational that corporate managers use in determining Make-or-Buy decisions.

2. What are the factors that influence corporate managers to drop a product or service.

3. What is a zero-based budget? Participative budget?

4. Variance analysis Perform a basic variance analysis for Mike Tire Manufacturing.

Flexible Budget	Actual Cost	Flexible Budget Variance
Direct Materials	$75,500	$74,000
Direct Labor	101,250	104,650
Variable overhead	34,500	33495
Total Manufacturing Cost	$211,250	$212145

5. How is a fixed overhead budget variance computed? How is a fixed overhead volume variance computed?

6. How is variance analysis used by corporate management?

Reference no: EM133204405

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