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Budgets Resources

Lessons

Standard Cost Systems A Common Scenario Mike manages a production facility for Amalgamated Widgets, Inc. Under him are the following departments: purchasing, production, warehousing and shipping, maintenance and security. Mike gets a bonus each year, depending on how well he manages the production facility. He also has the authority to give bonuses to employees working under him when they... read more

Lessons

Operational Budgeting This lesson deals with preparing and using budgets. When preparing budgets managers won't be looking at specifics, they will look at the big picture. They won't look at something like the route a delivery driver takes each day. They will be more concerned with the total monthly fuel costs for all the delivery trucks. The manager in charge of delivery trucks and drivers... read more