BUDGETING AND BENCHWARMING

| September 29, 2018

Assignment
1:Budgeting
and Benchmarking for a Start-up Manufacturing Company
Due
Week 8 and worth 240 points

For
this assignment, you will decide what type of budget to implement for a
start-up company. Also, use the Internet to research one (1) manufacturing
company that is in the same industry.

Write
a five to six (5-6) page paper in which you:

Summarize the
type of manufacturing company you plan to start-up, and describe the value
chain for the company that you researched. Next, determine how you will
design the value chain for your manufacturing company.
Analyze the
various types of budgets. Determine which type of budget the company you researched
utilized, and discuss whether or not the company met its financial
forecast. Suggest at least two (2) reasons why the company results would
be different than the forecast. Next, decide which type of budget you plan
to implement in your organization, and outline the major steps you plan to
take to ensure that your organization reaches the financial forecast.
Discuss the
importance of benchmarking, and perform a benchmark analysis of the
company that you researched. Next, select at least four (4) specific
benchmarks you will utilize in your organization. Explain the benchmarks
you selected, and determine the manner which they will benefit your
organization.
Distinguish
between a job costing system and a process costing system, and determine what
type of cost system the company you researched implemented. Decide the type
of cost system you plan to implement in your organization, and identify
any major challenges you may encounter in implementing your cost system.
Suggest the manner in which you will overcome the identified challenges.
Use at least
three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality
resources.

Your
assignment must follow these formatting requirements:

Be typed, double
spaced, using Times New Roman font (size 12), with one-inch margins on all
sides; citations and references must follow APA or school-specific format.
Check with your professor for any additional instructions.
Include a cover
page containing the title of the assignment, the student’s name, the
professor’s name, the course title, and the date. The cover page and the
reference page are not included in the required assignment page length.

The
specific course learning outcomes associated with this assignment are:

Analyze
the management accountant’s role in the organization.
Analyze
the advantage of budgeting, the preparation of a master budget, and other
forms of planning.
Discuss
the allocation of costs to divisions, plants, departments, contracts, and
products.
Compare
and contrast the various management uses of variances.
Use technology
and information resources to research issues in cost accounting.
Write clearly
and concisely about cost accounting using proper writing mechanics.

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