Fixed cost

evaluation tool and useful for any planning. Just like its good odds the flexible budget has its disadvantages as well. It may be a good tool but difficult to formulate, because there are several costs that are not entirely variable. Therefore, it will be necessary to take into account those fixed cost components that must be calculated and then included in the flexible budget formula. The flexible budget generally works best in a relatively small income range. Given…

The total estimated costs of the music festival are $6,427,783. Since some costs are fixed and other costs vary due to different pay structures, my calculations are based on the high fixed costs. So, the total costs may be higher or lower than estimated. The total cost of the bands is $6,335,000. I estimated the venue cost based on the higher costs to allow for enough funding if needed. The total cost of the venue is $25,000. Other costs estimated to be 67,783. Venue cost. The GREENSBORO…

the reason, air traveling carries direct and indirect expense and cost to the industry and customers. Some direct cost to the air industry is labor and fuel. Both variables can cause ticket prices to increase or decrease depending on how each airline company decides to allocate their profits. Many people may think if fuel premiums are down, ticket charges should drop as well. However, there is more to consider besides the cost of fuel. Labor and maintenance is not cheap. Such as any other…

variable cost input if the company wants to make a profit on the phone contract. Clear Hear would have to devise a strategy to produce the phones below the $15 range to earn a profit. Clear Hear could improve production rate and shorten the phone production time. Clear Hear could implement the change by instituting overtime or hire a second shift of part-time workers for the duration of the contract. Cutting the duration time for producing the phones would also cut the all fixed cost…

When planning a budget for a forensics laboratory there are three steps that should be considered, while keeping in mind the general business objective, which is to avoid any unneeded costs. First, identify the functions the laboratory will perform. Secondly, estimate the workload. Then finally, estimate the cost to complete the defined activities for…

business plan shows the need for an action plan outlining the activities that should be further developed to deliver a unique value proposition and generate more income. Moreover, the recommendations also require a plan to address the company’s estimated cost of maximizing activities as compared to the original business plan. To effectively provide a unique customer experience the development of The Fun Center as a themed entertainment hub is essential (Orland, 2015). Specifically, this is…

vii LIST OF TABLES S No Title Page No Table 1.1: Employee Count of Deloitte India Table 4.1 Fixed pay components Table 4.2: Breakup for Mediclaim LIST OF CHARTS S No Title Page No Chart 1.1 Hierarchy in Deloitte HRD Chart 1.2 Different verticals of Deloitte ix ABSTRACT Deloitte Touche Tohmatsu India is one of the DTTL member firms in India, which operates through 13 offices in India. Deloitte is…

There has always been a relationship between the factors of economics and the world of business. Economics is a crucial study to know at first hand when the interest of running a business sparks, but many have asked, what is the relationship between the two and why is it so important? The importance of economics in the business world is a necessity because without knowing the odds of making decisions, the stakes are extremely high and after spending my time studying the factors of microeconomics…

Each of the two scenarios differs again. Scenario 1 costs $10,068.77 to complete while scenario 2 costs $11,809.27. This is a $1,740.50 difference. Scenario 1 seems to be cheaper because they are employing less staff. Their cycle time is also shorter for scenario 1, so less time means less money. Obviously, hiring more staff means…

7 myths related to windshield repair services Windshield repair cost a fortune In reality, windshield repair services are cheaper. If you have a quarter size of a chip on the glass, you can get it fixed in less $70. However, if you wait and let the crack grow bigger in size, it may result in replacement of the screen, which is expensive. So, therefore, make sure to replace it before it grows into a big fissure blocking your view. Windshields cannot be repaired It is a pure myth. Not all rock…