I need help with FY 2012 Budget! i dont knowwhat to put for that side of the chart5 Major Steps:6Forecast FY 20117 - Indentify volume driven (or variable) expense categories- Set budget based on assumptions given (both inflation and volume)869-101112131415 Admissions1617 Charges18 Deductions19 Net Patient Revenue2021 Salaries22 Benefits23 Fees24 Supplies25 Repairs26 Rent27 Depreciation28 Total Expenses2930 Income32 Additional:EnterKey Budget AssumptionsFY 101,0007,500,0001,350,000250,000500,00025,000200,000250,00010,075,000FY 118 months30,000,000 20,500,000(15,000,000) (10,455,000)15,000,000 10,045,0004,925,0008005,906,2501,063,125196,875393,75019,688156,000187,5007,923,1882,121,812FY 11Annualizedor Forecast1,20030,750,00015,682,50015,067,5008,859,3751,594,689295,312590,62529,532234,000281,25011,884,7823,182,718Forecasting & Budget -70% Staffing Grid Worksheet -30%✪FY 2012 Budget

Budgeting is a process of forecasting of numbers in order to provide for the same in future In the…

5 Major Steps: 6 - Forecast FY 2011 7 - Indentify volume driven (or variable) expense categories 8 Set budget based on assumptions given (both inflation and volume) - 9 10 11 12 13 14 15 Admissions 16 17 Charges 18 Deductions 19 Net Patient Revenue 20 21 Salaries 22 Benefits 23 Fees 24 Supplies 25 Repairs 26 Rent 27 Depreciation 28 Total Expenses 29 30 Income 31 32 Additional: ❤ Enter Key Budget Assumptions FY 10 1,000 FY 11 8 months 800 30,000,000 20,500,000 (15,000,000) (10,455,000) 15,000,000 10,045,000 4,925,000 7,500,000 5,906,250 1,350,000 1,063,125 250,000 500,000 25,000 200,000 250,000 10,075,000 196,875 393,750 19,688 156,000 187,500 7,923,188 2,121,812 FY 11 Annualized or Forecast 1,200 30,750,000 15,682,500 15,067,500 8,859,375 1,594,689 295,312 590,625 29,532 234,000 281,250 11,884,782 3,182,718 Forecasting & Budget - 70% Staffing Grid Worksheet -30% FY 2012 Budget

5 Major Steps: 6 - Forecast FY 2011 7 - Indentify volume driven (or variable) expense categories 8 Set budget based on assumptions given (both inflation and volume) - 9 10 11 12 13 14 15 Admissions 16 17 Charges 18 Deductions 19 Net Patient Revenue 20 21 Salaries 22 Benefits 23 Fees 24 Supplies 25 Repairs 26 Rent 27 Depreciation 28 Total Expenses 29 30 Income 31 32 Additional: ❤ Enter Key Budget Assumptions FY 10 1,000 FY 11 8 months 800 30,000,000 20,500,000 (15,000,000) (10,455,000) 15,000,000 10,045,000 4,925,000 7,500,000 5,906,250 1,350,000 1,063,125 250,000 500,000 25,000 200,000 250,000 10,075,000 196,875 393,750 19,688 156,000 187,500 7,923,188 2,121,812 FY 11 Annualized or Forecast 1,200 30,750,000 15,682,500 15,067,500 8,859,375 1,594,689 295,312 590,625 29,532 234,000 281,250 11,884,782 3,182,718 Forecasting & Budget - 70% Staffing Grid Worksheet -30% FY 2012 Budget

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4TIF: Evaluating the budgeting system in a service company Childrens Hospital of the Kings Daughters...

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A companys controller is adjusting next years budget to reflect the impact of an expected 3 percent inflation rate. Listed below are selected items from next years budget before the adjustment. After adjusting for the 3 percent inflation rate, what is the companys total budget for the selected items before taxes for next year? a. 858,150 b. 860,412 c. 810,971 d. 858,971
1: Create own budget for the month of April 2021. This must include Fixed and Variable expenditure plans; and the sub-heads within each of these two. Please remember to make margin for miscellaneous expenses and some savings as well. 2:At the end of the month, would compare the Budgeted vs Actual figures for the month- using the correct calcuations. 3: Reflections/experience on how their budgeting experience went Whether they maintained the budget as per plan- how did they achieve this; Whether they exceeded the planned expenses or managed to save some money- - how did they manage this; What they would like to do in the future to plan their budget effectively. STUDENT NAME DATE BUDGET MONTH 01-30 April 2021 MONTHLY INCOME BUDGETED (AED) ACTUAL (AED) Earned Income Any other Income TOTAL INCOME (1) MONTHLY EXPENDITURE BUDGETED (AED) ACTUAL (AED) FIXED EXPENSES…
The members of Networx Ltd decide to prepare a Cash Budget for November and December 2018. The following information is available:Actual BudgetedAugust RSeptember ROctober RNovember RDecember RSales:CashCredit194 500287 300235 700350 000275 000410 000250 500400 400368 000697 000Purchases 510 000 490 000 495 000 520 000 680 000Salaries & Wages 72 600 72 600 72 600 72 600 72 600Sundry Expenses 17 800 18 400 22 000 22 600 25 700Additional information:1. Cash in respect of credit sales is collected as follows: 50% within 30 days 30% within 60 days 15% within 90 days The balance is written off as irrecoverable. BAD DEBT - IGNORE2. The following discounts are allowed on sales: 10% on cash sales 7.5% on credit sales if accounts are settled within 30 days.3. All salaries, wages and sundry expenses are paid in cash.4. Sundry expenses include depreciation of R4 200 per month. Exclude depreciation5. Seventy-five (75%) of all purchases are on credit and paid within 30 days. The balance is paid…
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KK ENTERPRISE was set up by a man and his with some few years ago. The trade in a lot of products. They don’t have enough knowledge in accounting for decision making. They need professional assistance to prepare budgets for the period October to December 2020. The following information has been provided to assist in the budgeting process: · Budgeted monthly sales revenue for 2020 is as follows: October GH¢ 40,000, November GH¢ 70,000, December GH¢ 50,000, January 2018 45,000. Sales are 20% cash and 80% credit. Credit sales are collected over a three- month period, 15% in the month of sale, 70% in the month following sale and 15% in the second month following sale. Total sales revenue in August amounts to GH¢30,000 and September’s total sales revenue amounts to GH¢36,000. Cost of sales is expected to amount to 60% of sales revenue each month. The business maintains its closing inventory levels at 75% of the following month’s cost of sales. Inventory at the beginning of October is…
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please choose the correct answers Pasol Company has just prepared its master budget for the year 2016. Some of the information used in thepreparation of such budget is as follows:Budgeted Sales January P480,000February 520,000March 560,000April 500,000May 576,000June 640,000 1. Twenty percent of total sales is cash sales. The collections pattern for the sales on credit is as follows 30% in the month of sale 40% in the month after the month of sale 25% in the second month after the month of sale2. Pasol Company’s gross margin rate is 60% of sales3. Accounts payable arising from merchandise purchases is paid for in the month following the purchase4. The company desires an inventory at the end of each month equal to 30% of the next month’s sales in units5. The variable operating expenses (other than cost of goods sold) are 10% of sales and are paid for in the monthfollowing the sale6. The annual fixed operating expenses are as follows:Depreciation P336,000Advertising 576,000Insurance…