“Sigma Marketing: Innovation in a Changing Environment”

Topics: Budget, Budgets, United Kingdom budget Pages: 1 (297 words) Published: December 16, 2012
Assignment 5.1 Forum Discussions, Chapters 8 & 9
Micheal Turner
Jones International University
September 05, 2012

Chapter 8

Q.1. A static budget is a report of the master budget that is consist of volume and activity (Edmonds, et al., 2011, p.350). Q.9. The company sale revenue is greater than expected which cause an increase in the net income (Edmonds, et al., 2011, p.352). Q.15. Yes, because the unfavorable means that she is spending more than expect which also means a need to investigate the unfavorable (Edmonds, et al., 2011, p.352). Q.19. If John’s budget is 30,000 for a 1,000 labor hours to be spend during the course of a month but the actual cost of 1,000 hours of labor was 35,000 the direct labor rate variance is 5,000 (30,000- 35,000) Chapter 9

Q.1. That someone doesn’t understand budget or no how to budget. Also does she understand how budgeting works. It really does help companies from going out of business by controlling all indirect and direct cost along with the overhead, labor and other expenses. Q.4. Managers is the one who received these reports which includes performances budgets and variances (Edmonds, et al., 2011, p.401).

Q.6. This report illustrate set of responsibility report of the company also investigate situation which result differ significant from plan results (Edmonds, et al., 2011, p.401).
Q.13. No, because being a high level it is required to produce a high level of productivity as vs. a low level company production at a lower level.

Reference
References
Edmonds, T.P., Olds, P.R., Tsay, B.Y. (2011). Fundamental Managerial Accounting Concepts (6th ed). New York City, New York: McGraw-Hill/Irwin.
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