Determine budget contingency

Assignment Help Managerial Accounting
Reference no: EM1347624

What is a budget contingency and what are 3 reasons to have such a "safety net" in place? Have you been involved in projects where it was necessary to employ contingency funds? What circumstance necessitated it? How could have the situation been avoided?

Reference no: EM1347624

Questions Cloud

What factors affect a learners motivation : What Factors Affect a Learners Motivation - Show how these factors would influence my own motivation to learn in different environments.
Preparing budget-top-down and bottom-up approach : Recognize and explain a project where the top-down budgeting approach would be most appropriate. Detail your rationale for decision and list the advantages for using that approach.
Determine the additional finances value : Based on the sustainable growth model, if a company finances its assets with 75 percent debt and 25 percent equity, and retains 3 million dollar in earnings in a given year,
Explain how do the relationships between congress : Explain how do the relationships between Congress think about both houses also the American people function today.
Determine budget contingency : What is a budget contingency and what are 3 reasons to have such a "safety net" in place? Have you been involved in projects where it was necessary to employ contingency funds?
Discussion of value added tax-federal budget process : To assist in providing new revenues to the federal government, some have proposed a value added tax (VAT) similar to those employed in the United Kingdom and Canada. What are the pros and cons of introducing this kind of national sales tax? Explai..
Macro running in response to form button : All of the following are events except: a macro running in response to a form button being clicked, changing the data in a cell, clicking on a control button or opening or closing an Excel workbook.
Explain how this allocation suggested by the coase theorem : Explain how might this allocation under allocation get resolved via the means suggested by the coase theorem.
Construct time series plot : Use the information to construct time series plot and also Use Excel Solver to make quadratic trend equation to forecast team value.

Reviews

Write a Review

 

Managerial Accounting Questions & Answers

  Measurement in the context of accounting

Measurement in the context of accounting The diverse measurement methods developed for different kinds of assets propose that standard setters are confused regarding the nature of the attribute which is to be measured

  Describe the cost flow in job order costing system

The three product cost elements?direct materials, direct labor, and overhead? Flow through job order costing system in structured, orderly fashion. Specific accounts and subsidiary ledgers are employed to verify and record cost information.

  Jamestown textiles process costing

Calculate the total work done in equivalent units and the unit cost for April. Calculate the cost of units completed and transferred. Also, compute the costs in ending work in process.

  Websites-market segment

Detailed solution outlines market segment which visits candystand.com and describe how to estimate the target audience.

  Standard costing system

Reed company employs a standard costing system. Manufacturing overhead is applied to products based on machine hours (MH). Employ the following information to make the needed calculations:

  Job order costing-production report

Which if the following statements are correct?

  Provide calculations and reasons to support your answer

Provide calculations and reasons to support your answer. b. If Maximus Company has excess machine capacity but a limited amount of labour time available, to which product or products should the excess production capacity be devoted? Provide calculati..

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

  Mcdonald corporation-activity based costing

What is a service or product in McDonald's which can employ activity based costing? What are three activities for activity based costing and the correct cost drivers for them? Give an estimate for application rates of these drivers.

  Current costing model

Write down the strengths and weaknesses of current costing model.

  About the merger and acquisition activity of the coca cola

Select one acquisition the company has undertaken during recent history and explain details of the deal. About the merger and acquisition activity of the Coca Cola

  Question on cvp computation

Determine the break even point in units. The company has a capacity of 150,000 units and is currently at two thirds of its capacity. The sales manager believes the company could increase sales by 8,000 units if advertising expenditures are increa..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd