Projected sales-budgeting-flexible vs static budget

Assignment Help Managerial Accounting
Reference no: EM1347691

1. Projected Sales is the budgeting technique to aid companies project the budget for future term. What takes place if this figure is significantly wrong? How does a company determine if this figure is accurate? What other budgets depend on the accuracy of this number? Why?

2. What is the difference between a flexible and static budget? When should a company employ one of these specific types of budget? Is there a benefit in being so specific in the budgeting process? What are the benefits of this type of budgeting? In your opinion, what are the drawbacks of not using these types of budgets? Give an example to support your response.

Reference no: EM1347691

Questions Cloud

Illustrate what are the advantages of using capital : Illustrate what are the advantages of using capital in the production process. What is meant by the term "division of labor".
Jung corporation direct materials budget-third quarter : The Jung Corporation's budget calls for following production:Quarter 1 45,000 units Quarter 2 38,000 units Quarter 3 34,000 units Quarter 4 48,000 units. Each unit of production needs three pounds of direct material.
Explaining firewalls and virus protection software : Lots of people who connect their systems to the Internet rush out and purchase latest copies of firewalls and virus protection software.
Executive perquisites effect on long-term motivation : Many executives receive perquisites such as financial counseling, club memberships, access to company airplanes, etc.
Projected sales-budgeting-flexible vs static budget : Projected Sales is the budgeting technique to aid companies project the budget for future term. What takes place if this figure is significantly wrong?
Typical open end fixed income : Would you expect a typical open-end fixed income mutual fund to have higher or lower operating expenses than a fixed-income unit investment trust? Explain your answer.
Illustrate what are open-market operations : Illustrate what are open-market operations? How are they conducted to fight inflation and recession. Write your answers completely.
Define the term f1 and f2 : A point source of light is 200 cm below the surface of a body of water. Find out the diameter of the circle at the surface through which light emerges from the water.
How would you ensure employee readiness to learn : Mathis explains an employee's readiness to learn in three separate steps -Learners must possess basic skills in order to complete training successfully

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Discussion-cost behaviour and cost-volume-profit analysis

Calculate the total contribution margin for 2000 and contribution margin percentage. Describe why the contribution margin differs from the gross margin.

  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.

  Question on cvp analysis

Compute the annual breakeven point in dollar and in unit sales for shop 48? Make a CVP graph showing cost and revenue data for shop 48 from zero level activity up to 17,000 pairs of shoes sold in year, what would be shop 48's net operating income o..

  Tax bases-budget financing-budget deficits

Contrast the 3 major classes of tax bases, also addressing economic bases. Examine various methods of government financing in their budget, and give a synthesis of the strengths and weaknesses of these methods, as well as their long term effects.

  Prepare the journal entry to transfer the cost of job

Prepare the journal entry to transfer the cost of job #JK150 out of the work-in-process account at the end of November, What was the under-or over recovered overhead for the year?

  Cost-volume-profit analysis in health care

Suppose that the managers of hospital are setting the price on new outpatient service. Here are relevant data estimates:

  Computing contribution margin-break even point

Determine the contribution margin for this practice. Determine the accounting break even point in the terms of number of Enrollees. Determine the economic break even point in terms of number of Enrollees.

  Information about equivalent units and costs

Determine the equivalent units of conversion. What is the conversion costs assigned to completed calendars? What amount of conversion is assigned to the ending work-in-process inventory?

  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.

  Current costing model

Write down the strengths and weaknesses of current costing model.

  Question regarding the cvp ananlysis

Suppose a fixed cost of $900, a variable cost of $4.50, and selling price of $5.50. Find out the break even point? How many units should be sold to make a profit of $500.? How many units should be sold to average $.0.25 profit per unit? .50 per un..

  Social and environmental accountability

AGL has published an annual sustainability report since 2004 to communicate sustainability performance in the areas of customers, community, people, economic, climate change and environment.

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