1 1 1 1 MicrosoftInternetExplorer4 0 2 Document not specified 7.8 磅 Normal 0 Learning Outcomes Assessed:
(i) Evaluate Traditional and Contemporary Budgeting Approaches and Discuss the Benefits and Limitations of Budgetary Control
(ii) Apply analytical, numerical and problem solving skills in a management accounting context.
(iii) Make numeric, written and verbal recommendations to support management decision making.
(iv) Use software to develop business modeling skills, organizing and presenting data in a clear and professional manner. Apply modeling skills to forecast future revenues and costs. 1 1 1 1 MicrosoftInternetExplorer4 0 2 Document not specified 7.8 磅 Normal 0
Required:
(a) Prepare the first Four (4) Quarterly income and expenditure budget for the following options: (i) Labor Intensive (ii) Machine Intensive Show all workings and indicate with appropriate descriptions and units.
(b) Based on the results in(a) above, advise Robert Anderson accordingly on the steps to be taken in attaining maximum profits.
(c) Critically discuss Ten (10) matters to be considered in transforming the production operation from labor intensive to machine intensive.
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