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Managerial Accounting - Budgeting




Case Assignment;This case has two parts.;Part I.;Let?s try to apply our knowledge of variable costing and review a sample budget;for a charter school. This budget is prepared assuming three levels of student;enrollment (66, 100 and 120). Revenue and expenses projections are shown in;the budget. Operating assumptions are shown in ?Schedule A?.;The first requirement of this case relates to the planning function of a budget.;Comment on the following relating to the charter school budget;1. Is this a static or flexible budget?;2. What is total revenue (excluding grants) per student?;3. What are total expenses per student?;4. Do all expenses seem necessary?;5. Is this school viable? How many students does the school need to break even;(show your calculations with analysis and state your assumptions for breakeven)?;(Note: For break even analysis ? Ignore revenue received as ?Grants? and;?Startup Costs? (Schedule A).;6. What are the general benefits of preparing this budget?;7. Discuss how this budget is likely to be used for the control function.;Part II.;The second requirement of this case relates to the control function of a budget.;Use the background material and Internet to answer the following questions.;1. Variance analysis is a traditional tool used for planning and control. Comment;on advantages and disadvantages of using this approach for performance;evaluations.;2. Do you have any suggestions for complementary or alternative performance;Privacy Policy | Contact;measures?;Assignment Expectations;It is important to answer the questions as posed. The discussion should be three;to five pages and written in a clear and concise manner. Support your discussion;with references in APA format. You are encouraged to use Excel or other;compatible spreadsheet when computations are involved.


Paper#78892 | Written in 18-Jul-2015

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