Rreport on Revisions to the Budget
Answer
Task 6: Proposing realistic revisions for budget
| Budget revision: | What evidence supports the need for the revision: | Senior management person reported to and outcome: |
| Overhead costs | Suddenly overhead costs increased and started to spin out of control (Shelton and Sharma, 2017, p.3). Excess money had been spent in large amounts on a frequent basis | Finance Manager has been reported to. He had promised to investigate the matter and it is currently under investigation |
| Staff salary | Staffs have revolted against work pressure and have informed that their present salary does little justice to their job responsibility | Board of Directors have been reported to. They have decided to specify job roles and have agreed to increment salary based on job performance |
| Marketing expenses | Suddenly it has been found that expenditure on marketing purpose has escalated and more than allocated budget money is being spent | Marketing Manager has been reported to. He has asked for revision of budget and had decided to restrict marketing activities to an ideal level (Tonkova, 2016, p.170) |
| Sales volume | Recently, there has been a drop in sales volume and comparatively less number of customers have turned up in past few weeks | Sales Manager has been reported to. He has agreed to talk with Marketing Manager and shortly come up with a plan to boost sales volume |
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