Question

The Master Budget You are currently working as a contractor building state of the art airports. One of the managerial accountants of the company you work for comes to talk to you about the budget for a project on which you have taken the lead. He wants to know your estimate for the cost of the project. You know that your future with the company depends on your performance in relation to this budget. Your best guess for this project is that it will cost $2,000,000. What do you say to your boss and why?

Answer 1

Answer:

Being in a dependable position and designated with such high obligation, it is my obligation to play out my work as well as could be expected. I have done practically all that is required to do this task in the best and financially savvy way. Keeping all the variables in see and duly applying responsibility I have turned out with the end that it will cost $2,000,000.  

I accept the expense to be sensible keeping in see the quality, so the Company's generosity stays unblemished. The venture could have been done at a lower cost yet we need to bargain with the quality.  

The organization being a main one in the business and having great name for it's excellent work, I would better go with great quality as opposed to a high net revenue.