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

  What kind of organization design does this company need

Ken was a senior vice president of one of the nation's leading quality consulting firms. In 4 years, the makeup of the company had expanded from the founder, a secretary, 2 full-time trainers, and 4 part-time trainers to 125 full-time employees. Of t..

  What are porters competitive forces in an organisation

What are Porter's competitive forces in an organisation's environment? Explain them and provide examples to illustrate your answer.

  Describe the difference between formative and reflective

Why is it important to establish ‘goodness’ of measures and how is this done?  Describe the difference between ‘formative’ and ‘reflective’ ?

  Compute the average number of machines

Compute the average number of machines that will break down per week. Simulate the following decision situation for 20 weeks, and recommend the best decision.

  Growing enrollment use capacity expansion strategies

-How might a college or university with growing enrollment use capacity expansion strategies? Discuss the pros and cons of each.

  Develop a time-phased structure

Develop a time-phased structure c) Develop a net material requirements plan for F.

  How much will you save if you choose to consolidate shipment

For consolidated shipments, there is a charge of $200.00 per stop. How much will you save if you choose to consolidate the shipments rather than ship each individually?

  Describe the internets effects on planning by how it

sources must be cited in apa format. your response should be a minimum of one 1 single-spaced page to a maximum of two

  Calculate the correlation coefficient

Using one of the two formulas cited in this module calculate the correlation coefficient using the following values presented below. Once you have completed your calculation, discuss the following: Is there a statistically significant correlation ..

  Research the phase resources to research the role of the

write 400-600 words that respond to the following questions with your thoughts ideas and comments. this will be the

  What is the desired safety stock level

Use the information in Scenario. What is the desired safety stock level if the company has a policy of maintaining a 90% cycle-service level

  Determine an optimal production plan

Oil Blending . An oil company produces 3 brands of oil regular multigrade and supreme each brand of oil is composed of one or more of 4 crude stocks each having a different viscocity index the relevent data concering the crude stocks are

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