Managing Budgets

MANAGING BUDGETS 1
MANAGING BUDGETS

MANAGING BUDGETS 2
Contents
Task 1:........................................................................................................................................3
Question 1:..............................................................................................................................3
Question 2:..............................................................................................................................3
Question 3:..............................................................................................................................4
Question 4:..............................................................................................................................5
Question 5:..............................................................................................................................5
Question 2:.................................................................................................................................6
Answer 1:................................................................................................................................6
Answer 2:................................................................................................................................6
Answer 3:................................................................................................................................6
Answer 4:................................................................................................................................8
Task 2:........................................................................................................................................9
Task A:...................................................................................................................................9
Revised contingency Implementation Plan for Task B:.......................................................10
Task 3:......................................................................................................................................11
Activity 1:.............................................................................................................................11
Question 1:........................................................................................................................11
Question 2:........................................................................................................................11
Question 3:........................................................................................................................11
Activity 2:.............................................................................................................................11

MANAGING BUDGETS 3
Question 1:........................................................................................................................11
Part a:................................................................................................................................11
Part b:................................................................................................................................12
Question 2:............................................................................................................................12
Question 3:........................................................................................................................13
Activity 3:.............................................................................................................................13
Question 1:........................................................................................................................13
Question 2:........................................................................................................................13
Activity 4:.............................................................................................................................14
References...........................................................................................................................16

MANAGING BUDGETS 4
Task 1:
Question 1:
Budgeting helps the business to estimate the revenues, expenses and also plans the various
expenses and avoid the expenses that do not form part of the plan. This helps the business in
the allocation of the resources in the utmost efficient way so that the strategic objectives of
the company could be achieved. It also helps the business in reviewing and comparing the
budget with the actual data since that would help the business sin providing information
which would highlight the various strengths and the weaknesses of the business (WLF,
2019).
Question 2:
The following is the desired budget:
Particulars Units
Price per
unit Value
Usual monthly production
Basic
150.0
0
250.
00
37,500.0
0
Standard
250.0
0
500.
00
1,25,000.0
0
Deluxe
200.0
0
750.
00
1,50,000.0
0
Super Deluxe 100.0 1,000. 1,00,000.0

MANAGING BUDGETS 5
0 00 0
Total monthly
production
700.0
0
2,500.
00
4,12,500.0
0
Special order
Basic
30.0
0
275.
00
8,250.0
0
Standard
50.0
0
550.
00
27,500.0
0
Deluxe
10.0
0
750.
00
7,500.0
0
Super Deluxe
5.0
0
900.
00
4,500.0
0
Total special order
95.0
0
2,475.
00
47,750.0
0
Total March
795.0
0
4,975.
00
4,60,250.0
0
Type of Screen Units
Basic 180.0 525. 45,750.0

MANAGING BUDGETS 6
0 00 0
Standard
300.0
0
1,050.
00
1,52,500.0
0
Deluxe
210.0
0
1,500.
00
1,57,500.0
0
Super Deluxe
105.0
0
1,900.
00
1,04,500.0
0
Total Units
795.0
0
4,975.
00
4,60,250.0
0
Question 3:
The following table shows the various calculations:
Particulars Units
Labou
r hours
per
unit
Total labour
hours
Usual monthly production
Basic
150.0
0 2 300
Standard
250.0
0 3 750