Company Operations

Question 1

Scenario: Imagine you are the owner of a small internet business where you employ five people. You need to budget for the cost of hardware and software needed to run company operations. Each employee is required to work both in the office and remotely, and needs access to company data at all times.

Choose the hardware and software that will provide your employees with the ability to stay connected to internal company data, communicate and collaborate with coworkers, and process data and sales information using wording, processing, and spreadsheet software applications.

Create a business budget sheet using Microsoft^® Excel^®. In the budget sheet, do the following:

• List the make and model of desired hardware devices and their cost.
• List software operating systems and applications for each device and their costs.
• Sum up the cost for both hardware and software for each employee, and then calculate the average monthly costs to maintain these systems.
• Insert a graph or chart displaying total costs graphically.
• Label columns/rows with titles reflecting data they contain.
• Use no more than two sheets in one workbook to display required data.
• Format data to highlight important totals.

Question 2

Here is the objectives of the assignment :

• Evaluate the budgeting process including the master budget
• Learning objectiveAnalyze the differences between a static budget and a flexible budget
• Calculate price and efficiency variances using standards
• Assess the benefits of benchmarking
• Examine the types of variances that are created when there are differences between budgets and/or standard costs and actual costs