MGT302: Week 2 Case Analysis: Xample Manufacturing Annual Draft Operating Budget

Case Analysis: Xample Manufacturing Annual Draft Operating Budget

[WLO: 2] [CLO: 6]

Prior to beginning work on this assignment, Read A Budget Model for a Small Manufacturing Firm

Read Writing a Case Study Analysis. in the Writing Center.

Review the following Xample Manufacturing Case Study. Using the information and the financial data derived in the Xample case, and after reading Fleming’s article, you will create an annual budget in draft form divided into four periods (Quarter 1, Quarter 2, Quarter 3, and Quarter 4) using the provided budget Xample Manufacturing Operating Budget Template

Xample Manufacturing Case Study
Consider the following scenario: Imagine you are a manager of a small plastic parts manufacturing contracting business, making parts under contract to the electronic consumer goods industry and defense industry companies, and you are in charge of developing a projected annual operating budget.

• Your budgetary figures are as follows: For fiscal year 2019, your firm received a $3 million contract from Sony to provide small parts for its current Ultra HD Blu-Ray Player, as well as various contracts totaling $1.75 million from other businesses. Xample also has an $180,000 annual contract from Boeing and a contract for small plastic parts from Ratheon, totaling $1.6 million annually.

Your chief financial officer (CFO) has provided you with the following annual expenses:

Xample Manufacturing Expenses

Expense ElementsAmountAnnual Salaries$1.63 millionAnnual Benefits$245,000Annual Rent$760,000Annual Insurance$45,000Annual Depreciation$780,000Annual Overhead$180,000Annual Supplies$96,000Annual Raw Materials$2.6 million

In your paper,

Complete a 12-month operating budget, using the Xample Manufacturing Operating Budget Template

Include the projected net profit (or loss).

Submit your budget with the following summary.

After completing the budget template, please write a two- to three-page summary and include the following:

Explain the process for creating an operating budget and its importance.

Describe how revenues and expenses are grouped for planning and control in the financial statements.

The Case Analysis: Xample Manufacturing Annual Draft Operating Budget paper,

must be three to four double-spaced pages in length (not including title and references pages) and formatted according to APA Style

must include a separate title page with the following in title case:

title of paper in bold font

Space should appear between the title and the rest of the information on the title page.

student’s name

name of institution (The University of Arizona Global Campus)

course name and number

instructor’s name

due date

must utilize academic voice. Review the Academic Voice. resource for additional guidance.

must include an introduction and conclusion paragraph.

Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.

For assistance on writing Introductions & Conclusions

must use at least two scholarly or credible sources in addition to the course text.

The Scholarly, Peer-Reviewed, and Other Credible Sources. table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source.

To assist you in completing the research required for this assignment, review this Quick and Easy Library Research tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips.