Static budget versus flexible budget

Assignment Help Managerial Accounting
Reference no: EM1347790

Why do you think companies make mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money? Or do you think it they are unaware of the importance of the flexible budget?

Reference no: EM1347790

Questions Cloud

Rewarding production department employees : A company rewards its production department employees for meeting budgeted cost levels by giving out bonuses. If department's cost exceeds the budget, employees don't get a bonus. What problems may arise with such a plan?
Explaining statement for security policy : Write a statement for security policy for the following:Let LAN for small 100-person business, Pixel Inc. Business occupies one floor in office building. Everybody has a computer on his or her desk.
Find the number of new common stock issue : Taggart Technologies is planning issuing new common stock and using proceeds to decrease its outstanding debt. The stock issue would have no effect on assets.
Illustrate is there a nash equilibrium : I hereby offer you $5,001 if both you and my other creditor agree to cancel my debt. If either or both of you decline this offer, I will be legally in default and you will receive $5,000." So, what happens.
Static budget versus flexible budget : Why do you think companies make mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money?
Important forecast of master budget : A master budget is the compilation of forecasts for coming year or operating cycle made of many departments or function in an organization. What is the most significant forecast made in the master budget? Mention the reasons for your answer.
How does a firm determine its demand for capital funds : Explain how does a firm determine its prices also the quantity of labor need in the resource market during a specific period. How does a firm determine its demand for capital funds during a specific period.
Expalin herzbergs theory of motivation : Explain what significance does this theory have for the health care manager and how can the health care manager capitalize one factor without neglecting the other?
Explaining vulnerability in novice programmer-s code : You have found vulnerability in novice programmer's code and have recommended sweeping changes in your organization to address issues.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Evaluate direct materials and conversion costs

What are the corresponding units for direct materials and conversion costs, correspondingly, for June?

  Which alternative seems more attractive

The president asks you to compare the alternatives on a total-annual-cost basis and on a per-unit basis for annual needs of 60,000 units. Which alternative seems more attractive?

  Job order costing-production report

Which if the following statements are correct?

  Job-order costing sertoma condos inc

Assuming that the amount of rent revenue from Condo 2 is $48,000, what amount of income did it earn? Based on the preceding information, will the company show finished goods inventory

  Which cost systems would companies use

Recognize which costing system - job order or process cost - the following companies would use:

  Prepare Company financial statements

Prepare Company financial statements

  Websites-market segment

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

  Jackson construction company-job order costing system

Jackson Construction Company uses a job order costing system. In May 2008, Jackson made a $1,650,000 bid to build a pedestrian overpass over the beach highway in Gulfport, Mississippi.

  Job costing in service organization

For August, Busters Consulting and Mediation Practice(BCMP) worked 900 hours for Quebec company and 2,100 hours for Ontario Corporation. BCMP bills clients at rate of $300 per hour

  Evaluate the capital loss

Evaluate the capital loss

  Computing capital budget amount

Clinton Company is financed 40 percent by equity and 60 percent by debt. If the firm expects to earn $20 million in net income and retain 40% of it, how large can the capital budget be before common stock must be sold?

  Determine the break even point

Give the following cost data Costs /per unit labor . $ 4 Materials .5 Fixed cost . $ 12000 Determine the break even point in units if the selling price is $ 19.00 Determine the break-even point in sales at a selling price of $ 19.00 What would profit..

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