Summary Outlining the Priority Resource Budgeting (PRB) Solution
The Gaylord division of Americhem has been using the traditional model of budgeting. A few of the managers believe that this model is not the best when it comes to the management of overhead costs. In recent years, budgeting has been a straightforward process in the department and there is need to adjust to the PRB model to suit the objectives of overhead costs management. The secondary objective was to regulate the amount of expenditure regarded as overhead or additional (Garvin, 2015).
One clear aspect of the PRB model is the ranking of the budgetary allocation based on