This exercise requires students to brainstorm about the budgeting process in a restaurant. It requires them to consider budgeting for food items, labor, and sales.
Answer to relevant QuestionsThis exercise requires students to consider a hypothetical company’s budgeting process and discuss how differences of opinion affect that process. Another interesting element of this exercise is that students also are ...This exercise requires students to search the Internet to find stories about how companies are managing their costs. Students are directed to prepare a brief memo that explains the company’s efforts.Discuss situations in which the high/low method may provide inaccurate estimates of fixed and variable costs.What happens to the contribution margin when fixed expenses decrease and variable costs per unit remain constant?Students often know very little about ethics programs at companies. This exercise requires students to search the Internet to learn about several companies’ ethics programs.
Post your question