User Account

All Pages

Why managers find flexible-budget analysis more informative

Assignment Help Microeconomics
Reference no: EM132574580

Question: Write an analytical summary of your learning outcomes from operational budgeting. In addition to your analytical summary, address the following:

1. As a manager, discuss how you would use or have used the concepts presented in chapters 9 and 10.

2. Why might managers find a flexible-budget analysis more informative than static-budget analysis?

3. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead? Provide at least one numerical example to support your thoughts.

Reference no: EM132574580

Questions Cloud

What use of the weighted-average method will yield a cost : If prices are steadily rising or falling, the use of the weighted-average method will yield a cost for inventory between those yielded by FIFO and LIFO.
What are the consequences for market efficiency : So far, we've seen that markets are efficient in the allocation of resources by equating marginal costs to marginal benefits. For this outcome to take place.
What jack should record the cost of wages paid to store : Jack Smith owns and operates Jack's Pizza Express. Jack should record the cost of wages paid to store employees as a(n)?liability.
Prepare statement of owner equity for the month of april : Prepare statement of owner's equity for the month of April. On April 1, the balance in Marc Luck, Capital was $11,200. During April, Marc withdrew $8,200 cash
Why managers find flexible-budget analysis more informative : Why might managers find a flexible-budget analysis more informative than static-budget analysis? How might a manager gain insight into the causes.
How are the amounts determined at acquisition : How are these amounts determined at Acquisition? How are these amounts accounted for in subsequent periods? In a stock acquisition accounted for by the equity
What qualities was the president looking for : President Trump began his Presidency in January 2017. He had to make many new administrative appointments. Searching the internet review media reports.
Find what would auditor related expense has been properly : Find what would the auditor conclude on whether the related expense has been properly included, properly excluded, improperly included, or improperly excluded
Program vs. Project : Is the process of designing a new product or service a project or a program? Describe the company and whether company produces a product or provides a services

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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