Budgeting and Variance Analysis at Ford

Requirements:

1. Develop a master budget for Ford's automotive manufacturing division, including sales forecasts, production costs, and overhead expenses.

Budget Component	Amount ($)
Sales Forecast	100,000 vehicles
Production Costs	5,000 per vehicle
Fixed Overhead	50,000,000
Variable Overhead	1,000 per vehicle

2. Perform variance analysis to compare actual costs and revenues against budgeted figures.
3. Identify the causes of variances and their impact on Ford's financial performance.
4. Recommend strategies to improve budget accuracy and operational efficiency.