As department manager you are responsible for developing a yearly budget. There are 10 employees in the department. Each employee makes $40,000 per year. Your salary is $55,000 per year. Utilities are estimated at $50 per employee per month. In addition you must also do the following:Find and budget for three team building activities (Not all in the same month)Budget for Green Belt training for your team – find actual cost (spread out over 2 months)Develop one Six Sigma project for the month of September Budget for training 5 employees 5 hours per month for the months on June, July and August. Training is budgeted separately and the time in training is deducted from regular pay. (rate of pay is the same)During October the warehouse will be expanded and you will have to staff it with 5 employees each making $24,000 per year. Employees will remain for the rest of the yearBuy or lease two battery operated forklifts in October for the warehouse – uses real dataIn November you will need to reduce the inside sales staff by three

Name: As department manager you are responsible for developing a yearly budg
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: As department manager you are responsible for developing a yearly budget. There are 10 employees in the department. Each employee makes $40,000 per year. Your salary is $55,000 per year. Utilities are estimated at $50 per employee per month. In addit

Budget is a detailed estimation of revenues and expenses prepared by the accounts department for a…

Answered: As department manager you are…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 11CE: Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted...

See similar textbooks

Related questions

Concept explainers

Topic Video

Question

As department manager you are responsible for developing a yearly budget. There are 10 employees in the department. Each employee makes $40,000 per year. Your salary is $55,000 per year. Utilities are estimated at $50 per employee per month. In addition you must also do the following:

Find and budget for three team building activities (Not all in the same month)
Budget for Green Belt training for your team – find actual cost (spread out over 2 months)
Develop one Six Sigma project for the month of September Budget for training 5 employees 5 hours per month for the months on June, July and August. Training is budgeted separately and the time in training is deducted from regular pay. (rate of pay is the same)
During October the warehouse will be expanded and you will have to staff it with 5 employees each making $24,000 per year. Employees will remain for the rest of the year
Buy or lease two battery operated forklifts in October for the warehouse – uses real data
In November you will need to reduce the inside sales staff by three

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Follow-up Questions

Read through expert solutions to related follow-up questions below.

Follow-up Question

In addition to putting the budget in an Excel spreadsheet; the following items are required:

Describe three actual team building activities- use actual costs if possible
Write a proposal for a Six Sigma project. Project should center around one of the following issues – low attendance, orders being entered into system incorrectly, or high turnover
Write an announcement explaining that three positions are being eliminated in November. Keep in mind reassuring the remaining employees that their jobs are not be effected if productivity and profits go up.

Solution

by Bartleby Expert

SEE SOLUTION

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions