Management Accounting: Budget Proposal

In: Business and Management

Submitted By julvianilim
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BUDGET PROPOSAL
Management Accounting I
CYNTHIA WIEM [00000011168]
JULVIANI [00000011326]
KEVIN [00000011144]
MARIANI [00000011181]
MICHAEL [00000011316]
YULI H. SIREGAR [00000011391]

UNIVERSITAS PELITA HARAPAN

Class: A3
Lecturer: Ms. Yenny Martok
Submission Deadline: July 23rd, 2015

Accounting Major
2015

ABSTRACT
XYZ Ltd is a newly established company which specializes in lip care, thus our newest product is a lip balm called Naturél Tinted lip balm. It is, like other lip balms, used as a preparation to be applied on lips to soothe sore or cracked lips, but not just that. It also has the ability to revive the dead skin on lips back into its natural color. The main difference of our product is that our lip balms are 100% natural.
XYZ Ltd aims to make this product knownworldwide and be the leading company in producing a lip balm using only natural ingredients. Therefore, the objectives are using various social media to market our product and relentlessly continue researching on the newest and more effective natural ingredients.
As we know, one of the objectives of a company is to market its product and to be able to reach the desired profit, we must be able to do budgeting, a process in which we estimate our expense and income in selling a product so that we can prevent the possibility of debt. In this project, budgeting functions as “planning” stage in marketing our lip balm. Planning is the initial and important step in management.
The expected benefit of this budget proposal is to minimize spendingunnecessary costs so that we could provide a cheaper product without having to degrade its quality.

TABLE OF CONTENTS I. ABSTRACT i II. TABLE OF CONTENTS ii-iii 1. INTRODUCTION 1 2. BODY 1-15 3.1. Product Background 1 3.2. Production Process 1-2 3.3. Schedule and Participation 2-3 3.4.…...

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