Part 1
2 Discussion Questions 250 words with 2 peer supported scholarly resource per question.
Question 1.
250 words with 2 peer supported scholarly resource.
Assessment Description
Discuss why managers in organizations need to know the full cost of producing goods and/or providing services. Distinguish among average, fixed, and variable costs.
Question 2.
250 words with 2 peer supported scholarly resource.
Assessment Description
Explain how fixed cost differs from a variable cost. Discuss why most fixed costs sooner or later become variable.
Part 2
Assessment Description
Assignment 3-30 on page 113 in the Financial Management for Public, Health, and Not-for-Profit Organizations textbook.
When completing the assignment, assume that revenues are sufficient to cover expenditures.
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
3-30. Eger Township is preparing its budget for the fiscal year ending March 31, 2024. The township has a Management Department, a Public Works Department, a Recreation Department, and a Public Safety Department. The proposed budget calls for spending money on the items listed in Table 3-9. Based on the information in that exhibit,
- prepare a line-item budget for the township, grouping all types of supplies together as one line item;
- prepare a responsibility center budget for the township, showing only departmental totals; and
- prepare a budget that shows both line-item and responsibility center information, grouping all types of supplies together as a single line item for each responsibility center.
