Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please do this for Apple company. use company balance sheet and p&l available online 1. Identify production and support departments in your company and various

please do this for Apple company. use company balance sheet and p&l available online

image text in transcribed

1. Identify production and support departments in your company and various cost related activities in your company. (5 marks) 2. Pick up the expenses of your company from the most recent year's income statement and develop a support department cost allocation model, clearly giving the basis for allocation and apportionment for each item and then compute the overhead absorption rate. In case any assumptions are made, please state them dearty (5 marks) 3. Prepare a budget for your company, using previous year's financial statement as guideline and making adjustments for the following a Additional new product lines/ new projects, planned expansion/ changes in sales for the year b. Inflationary trends Clearly explain the rationale used by you to prepare the budget. (6 marks) 4. Do a variance analysis (stating clearly adverse or favorable variance) from the budget prepared by you in (3) above and actual revenues & expenses from the latest financial year's information available. Specify the possible reasons for the variance. (6 marks) For example, if you are doing a variance analysis for the year 2019-20 (in question 4). you will have to consider the data for the year 2018-19 for preparing the budget (in question no.3) 5. What are some of the factors/considerations that make budgeting more complex in your organization? (3 marks) 1. Identify production and support departments in your company and various cost related activities in your company. (5 marks) 2. Pick up the expenses of your company from the most recent year's income statement and develop a support department cost allocation model, clearly giving the basis for allocation and apportionment for each item and then compute the overhead absorption rate. In case any assumptions are made, please state them dearty (5 marks) 3. Prepare a budget for your company, using previous year's financial statement as guideline and making adjustments for the following a Additional new product lines/ new projects, planned expansion/ changes in sales for the year b. Inflationary trends Clearly explain the rationale used by you to prepare the budget. (6 marks) 4. Do a variance analysis (stating clearly adverse or favorable variance) from the budget prepared by you in (3) above and actual revenues & expenses from the latest financial year's information available. Specify the possible reasons for the variance. (6 marks) For example, if you are doing a variance analysis for the year 2019-20 (in question 4). you will have to consider the data for the year 2018-19 for preparing the budget (in question no.3) 5. What are some of the factors/considerations that make budgeting more complex in your organization

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Cost Accounting For Health Care Organizations

Authors: Steven Finkler, Judith Baker, David Ward

3rd Edition

0810235447, 9780763738136

More Books

Students also viewed these Accounting questions

Question

Why do some individuals confess to a crime they did not commit?

Answered: 1 week ago

Question

=+3. Which factors do influence the procurement management?

Answered: 1 week ago

Question

=+1. Describe the product range in the press sector!

Answered: 1 week ago