Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Actual (based on actual orders for 450,000 units) Master Budget (based on budgeted orders for 480,000 units) Sales revenue $ 4,972,000 $ 4,800,000 Less Variable costs Materials 1,680,000 1,680,000 Direct labor 250,000 312,000 Variable overhead 675,900 624,000 Variable marketing and administrative 445,000 456,000 Total variable costs $ 3,050,900 $ 3,072,000 Contribution margin $ 1,921,100 $ 1,728,000 Less Fixed costs Manufacturing overhead 913,400 885,000 Marketing 281,000 281,000 Administrative 198,000 176,000 Total fixed costs $ 1,392,400 $ 1,342,000 Operating profits $ 528,700 $ 386,000 Required: Prepare a flexible budget for Osage, Inc.

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.