how can a flexible budget help managers control costs, Financial Accounting

Assignment Help:

1. How can a flexible budget help managers control costs?

A flexible budget can help managers control costs by showing favorable and unfavorable variances within the planning of the budget.

2. What is an unfavorable variance? How does it relate to overall profit?

Unfavorable variances generally occur when actual cost exceeds standard cost. This often alerts managers that profits will be less than expected.

Related Discussions:- how can a flexible budget help managers control costs

Relevant cash flows , The City of Miami must replace a number of its concre...

The City of Miami must replace a number of its concrete mixer trucks with new trucks. It has received two bids and has evaluated closely the performance characteristics of the seve

Annulment of order-adjudication of debtor, Annulment of order The order...

Annulment of order The order may be annulled if In the opinion of the court the debtor ought not to have been adjudicated bankrupt; All the debts have been paid in fu

Stock splits stock dividends, Q. Stock dividends and stock splits have the ...

Q. Stock dividends and stock splits have the following effects on retained earnings: Stock Splits Stock Dividends a. Increase No change b. No change Decrease c. Decrease Decrease d

Vegetable gowing, disscuss the applicability of a operating cycle in vegeta...

disscuss the applicability of a operating cycle in vegetable growing bussiness in uganda

Accounting adjustment, In February, one of Team Shirts' best customers went...

In February, one of Team Shirts' best customers went bankrupt owing team shirts $85. Team shirts uses the sales method for estimating bad debts. February sales were $15,000. The ac

Investment property, I want to do research on investment property which res...

I want to do research on investment property which research topics are appropriate

Sequential stages of an accounting information system, Relationship between...

Relationship between these aspects is set out in Figure. Figure: The accounting information system There are four sequential stages of an

HELP!!, Calculate the DuPont Model, given the following information: cash=$...

Calculate the DuPont Model, given the following information: cash=$16,080; accounts receivable= $9,500; prepaid = $3,150; supplies =$675; equipment =$25,200; accumulated depreciati

Identify the various prices for job, Identify the various prices for job ...

Identify the various prices for job To identify the various prices for job, there are numerous points to be considered, including: ?How many garages shall we visit? ?What

Prepare a purchases ledger control account, Question: The following inf...

Question: The following information was extracted from the books of William Noel for the year ended 30 April 2009.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages