Budgetary planning featuring Babycakes full video [Video file]. Retrieved from https://www.youtube.com/watch?v=frh3I2rVDzs
Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a 3 page paper in which you address the following.
Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation.
Prepare a sales budget for the LA Babycakes store for the fourth quarter of 2016. Present the number of units, sales price, and total sales for each month; include October, November, and December, and the total for the quarter. Use one half of the Valentineâs Day sales as the basis for a usual day in the new quarter. Use 30 days for each month.
Calculate the total sales for each month for October, November, and December.
Create three new products, one for each of the three holiday seasons in the fourth quarter.
Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates.
Include an overview of the budget in the report, presenting the actual budget as an appendix with all the data and calculations.
Add these amounts to your sales budget.
The owner of Babycakes is interested in preparing a flexible budget rather than the static budget she currently uses. She does not understand why, when sales increase, her static budget often shows an unfavorable variance. Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the fourth quarter of 2016 to address her concern.
Imagine that Babycakes is facing a financial challenge that is causing the actual amount of money that it spends to become significantly more than its budgeted amount. Include a discussion of your own unique cause of the overspending. Explain the corrective actions needed to address these challenges.
Sample Solution
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hypothesis. As per Bronfenbrenner (Berger, 2008, p.87), human improvement and family working can be impacted commonly by a layer of natural angles like society and relationship. In like manner, distinct individual is probably going to be interlinked surroundings from the home as a smaller scale framework to wide society or culture as a macrosystem. Thusly, family-focused methodology can be powerful in managing family matters. Family Group Conference is a decent outline of this community oriented family-focused methodology. Discoveries of worldwide research (Kanyi, 2013, p.39) indicated that expanding on family qualities and working in organization with families to help youngsters turned out a beneficial outcome of kids’ prosperity. In any case, the significance of family has differing relying upon setting and use. In New Zealand setting, legitimate meanings of family connections are changing so as to think about of social and social standards. There are assortment types of family in NZ, for example, true relationship, more distant families of Maori whanau and same sex family. Thusly, as far as training, it ought to be viewed as the limits of family. Further thought ought to be given to monetarily, geologically, socially and socially underestimated families. Social guide, Choice and Partnership Approach and adaptable area of arrangements started by CAMHS can be urge to better commitment in social work practice (Appleby and Phillips, 2013, 29-30). All the more significantly, social work specialists ought to have social competency. Culture can be characterized as a novel part of individual and a lifestyle. Upon the comprehension of biological hypothesis, families could share and be impacted by culture as a large scale framework. As needs be, unmistakably broad information about differing societies can be helpful for understanding the customer’s practices, responses, and choices in social work setting. For instance, the utilization of te reo Maori, karak>
