Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 53

Your team is to prepare a budget report outlining the costs of attending college (full-time) for the next two semesters (30 hours) or three quarters (45 hours). This budget's focus is solely on attending college; do not include personal items in the team's budget. Your budget must include tuition, books, supplies, club fees, food, housing, and all costs associated with travel to and from college. This budgeting exercise is similar to the initial phase in activity-based budgeting. Include a list of any assumptions you use in completing the budget. Be prepared to present your budget in class.