Differences and similarities of role of flexible budgeting

Assignment Help Operation Management
Reference no: EM131142946

What are the differences and similarities of the role of flexible budgeting and variance analysis in the context of activity based costing? Which of these differences are most important to operations managers and why?

Reference no: EM131142946

Questions Cloud

Taxpayers should not have to finance the medical costs : Taxpayers should not have to finance the medical costs of people who engage in unhealthy behaviors (e.g., cigarette smoking, unprotected sex, overeating). Agree or disagree? Explain your answer.
What is the triple constraint as applies to it projects : What is a project, and what are its main attributes? How is a project different from what most people do in their day-to-day jobs? What is the triple constraint as applies to IT projects? What other factors affect a project?
E-commerce has become an engine for economic growth : E-Commerce has become an engine for economic growth and is becoming more important than conventional ‘offline’ shopping. It is unfortunate that English contract law has not kept up with this development. The legal framework for electronic contracts i..
Lead user process and traditional market research methods : How has 3M’s innovation process evolved since the company was founded? Why does 3M – a ‘hothouse of innovation need to regain its historic closeness to the customer? Create a table that shows the differences between the Lead User process and traditio..
Differences and similarities of role of flexible budgeting : What are the differences and similarities of the role of flexible budgeting and variance analysis in the context of activity based costing? Which of these differences are most important to operations managers and why?
Some plausible sources of special cause variation in process : Control charts are useful in stabilizing a process because they help identify any "special causes" that may be acting on a process. Before a process can be improved, the process must be stable (special cause variation must be eliminated; only common ..
Would you be interested in buying luxury items : Would you be interested in buying luxury items, like expensive jewelry at a warehouse club? Sam’s Club offered a $347,000 diamond solitaire ring during a recent Christmas shopping season. If you could afford such a ring would you buy it at Sam’s Club..
Staff due to organizational restructuring or downsizing : Which communication strategy would you most likely use if you were faced with a difficult task of having to fire staff due to organizational restructuring or downsizing ? What are the communication difficulties that you envisage with such a situation..
Compare the annual equivalent costs of two alternatives : Seaside Baking Co is considering purchase of new pastry oven. Conventional oven will cost $100,000 and can be expected to last 5 years, with a salvage value of $10,000. Operating cost, e.g., electricity used, will be $22,000 per year. Maintenance Cos..

Reviews

Write a Review

 

Operation Management Questions & Answers

  The processes of problem observation

The processes of problem observation

  Determine upper-lower control limits for process

The accounts receivable department at M. B. Manufacturing has been having difficulty in getting customers to pay the full amount of their bills. Many customers complain that the bills are not correct and do not reflect the materials that arrived at t..

  Diamond of national competitive advantage,

Using Porter's Diamond of National Competitive Advantage, select a business you are familiar with and a foreign country for the business to enter and evaluate the market dynamics and market entry strategy. Based on this evaluation, select a strategic..

  Distinguish between the concepts of mission and vision

Distinguish between the concepts of mission and vision. Provide examples in your explanation.

  Determine the depreciation for each of the three years

An item of equipment acquired on January 1, at a cost of $100,000, has an estimated use of 50,000 hours. During the first three years, the equipment was used 11,000, 8,000, and 7,000 hours, respectively. The equipment has an estimated life of five ye..

  Write down the central challenge of offering discretionary

what is the central challenge of offering discretionary benefits?be sure to cite your sources you can just site the

  Regarding the red ocean marketing strategy

Three questions regarding the RED OCEAN marketing strategy. Define the RED OCEAN strategy. Why it is called RED?

  Spare parts remaining at the end of the time can be salvaged

The machines are expected to be used for 10 years, and any spare parts remaining at the end of the time can be salvaged at $50. If a shortage occurs

  Elucidate what is the pygmalion effect

Elucidate what is the Pygmalion Effect as it relates to leadership also management. Why is the Pygmalion Effect important when implementing a Strategic Quality Management initiative or any change initiative.

  Using electronic health records vs. traditional paper

Discuss some of the advantages AND disadvantages of using electronic health records vs. traditional paper charts in a medical office. Think about this from a health professional's perspective (in terms of cost, ease of use, accessibility of patient i..

  Hospitality industry for planning a service delivery system

Identify a planning technique used in a non-hospitality industry that would also be valuable in the hospitality industry for planning a service delivery system. Explain your reasoning for your decision.

  How does an individual form a corporation

Why would an individual choose to form a business as a corporation as opposed to a sole proprietorship? How does an individual form a corporation? How does a company become a "public" company? What are some of the differences between private and publ..

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