Budget assignment

MGMT 8500 – Fall’20 Budget Assignment (Individual, worth 20% of your final grade) In this assignment we continue with SUPER CLEAN, the cleaning company you worked with in the ABC assignment. You will prepare various budgets, conduct a variance analysis and write a memo to the CEO of SUPER CLEAN regarding ethical practices during budgeting. This relates to content taught in weeks 10,11 and 12. Instructions: • Your Professor will provide you with an Excel workbook which contains several spreadsheets and an input database. • Review the spreadsheet titled’ Read this first’. • This spreadsheet has instructions on how to interpret the input database, create budgets and analyze them. • In week 10, your Professor will be discussing about ethical practices during budget preparation. One such practice involves use of ’budgetary ‘slack’. Reflecting on this learning experience, you will write a memo to the CEO of SUPER CLEAN. • The CEO is concerned regarding ethical practices and needs your advice. In your role as a consultant, write a memo explaining: o What ‘budgetary slack’ is? o Possible budgetary items where ‘budgetary slack can be applied?’ o Structure of the memo:  Word limit: 250 words maximum  Arial or Calibri font  Memo format  As MS Word document o Memo will be verified through Turnitin. Deliverables: • Completed Excel workbook incorporating all ‘requirements’ as listed. • Memo to CEO in MS Word format. Delivery: • Upload both the items to the assigned folder in eConestoga. • Your Professor will advice you as to the due date of this assignment. Marking Key and Rubric: • Included within the Excel workbook. • Please review all items in the marking key before submission and ensure they are complete.