Below are the solution: Question 1 Prepare a new contribution report for February‚ in which: * The static budget column in the contribution report is replaced with a flexible budget column. * The variances in the contribution report are recomputed as the difference between the flexible budget and actual columns. Answer Particulars | Static Budget | Flexible Budget | Actual | Variance | Unit (pounds) | 200000 | 225000 | 225000 | 0 | Revenue | 1600000 | 1800000 | 1777500 |
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Amanda McGinley Gender in the Workplace Nancy Goodman February 15‚ 2013 Revising Workplace Culture Changes in the workplace have come a long way; however‚ there is still a long way to go. There are several ways to make the changes that are so desperately needed. In the first article‚ Making Change: A Framework for promoting Gender Equity in Organizations‚ the authors introduces four frames to achieve workplace equity. The first is to fix the woman; this means that women assimilate to the work
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can also help the NHS. Experts systems and databases are crucial to the efficient running of the NHS. The NHS is already slow enough with waiting lists of over 6months as a min. of major operations and if they weren’t running these systems the information will have to be processed manually resulting in longer waiting and more prone to errors. ICT can also help NASA to research more about the human physiology‚ and also help predict if a person will be able to walk in his/her position‚ and predict
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Information Systems used to Support the Business Process Some of the business processes that Time Warner Cable uses are a Virtual Call Center‚ and outsourcing of jobs to Costa Rica and the Philippines. With both of these processes Time Warner Cable can save money and better assist the customer. Virtual Call Center Time Warner Cable started using a Virtual call in 2007. In Wisconsin Time Warner Cable had two divisions Northeast Wisconsin‚ which was the Green Bay‚ Fox Cities‚ Marinette‚ and Northern
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( http://www.accountingformanagement.com/production_budget.htm ) Production Budget: Learning Objective of the article: 1. Define and explain production budget. 2. Prepare a production budget. Definition and Explanation of Production Budget: The production budget is prepared after the sales budget. The production budget lists the number of units that must be produced during each budget period to meet sales needs and to provide for the desired ending inventory. Production needs can be
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Why Math is important within Culinary arts Math is used for many things‚ but for me I will be using it in field of culinary arts. When many people think of math they automatically think of algebra or geometry‚ math is those things plus much more. Fractions‚ Measurements and weights are the kind of math that i will be using most in cooking. Classical cooking technique‚ baking and catering are all greatly effected by basic math fundamentals. I have to use exact measurements when making a beurre
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Budget Interpretation Budgets help to bring spending under control and lead the way for the development of plans that enable an organization to become or remain fiscally sound. For an organization to develop or maintain financial stability‚ it must understand the purpose of budgeting and how to apply the various budgeting techniques that will help promote and expand the business. Budgeting requires organizations to use financial projections to attract investors and secure grants or donations‚ which
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Production Budget: Learning Objective of the article: 1. Define and explain production budget. 2. Prepare a production budget. Definition and Explanation of Production Budget: Theproduction budgetis prepared after thesales budget. Theproduction budgetlists the number of units that must be produced during each budget period to meet sales needs and to provide for the desired ending inventory. Production needs can be determined as follows. | Budgeted sales in units-------------------
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NTPC (NATIONAL THERMAL POWER CORPORATION) INTRODUCTION: NTPC Limited is the largest thermal power generating company of India. A public sector company‚ it was incorporated in the year 1975 to accelerate power development in the country as a wholly owned company of the Government of India. At present‚ Government of India holds 89.5% of the total equity shares of the company and the balance 10.5 is held by FIIs. Domestic Banks‚ Public and others. Within a span of 31 years‚ NTPC has emerged as
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BUDGETING SIMULATION Q1.Explain and critically analyze the budget that you prepared for the exercise For this exercise‚ estimates‚ budget‚ conditions‚ conditions forecast were the things to be kept in mind. From the conditions that were specified: 1) Weather-the cost can go high if the weather conditions get worse 2) Labor market-the cost can go high or low depending on the availability 3) Stakeholders cooperation-depending on them‚ the cost can also go high or we can even save money 4) Reliability
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