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

Dissolutions situations, Dissolutions situations There are two situatio...

Dissolutions situations There are two situations that need to be considered under dissolutions. These are:- 1) Where the assets are sold at once (one single transaction) 2) As

Homework, i have some homework that need help

i have some homework that need help

Goodwynn & wolf incorporated, Nine years ago, Goodwynn& Wolf Incorporated s...

Nine years ago, Goodwynn& Wolf Incorporated sold a 16-year bond issue with a 11% yearly coupon rate and a 10% call premium. Today, G&W known as the bonds. The bonds originally were

Find market and alpha and beta values, a. Find five comparables for Bank of...

a. Find five comparables for Bank of America (BAC) b. Find the CEO of BAC and five comparable companies, For BAC and all firms, find: c. Market value, alpha and beta (pric

Group retained profits-group accounts, Group retained profits Retained pr...

Group retained profits Retained profits ideally should be the amounts that can be distributed as dividends. Therefore, in arriving at group retained profits, careful attention s

Bank reconcillation statement, cheque issued and presented for payment 400 ...

cheque issued and presented for payment 400 in cash book debit balance

Required: prepare journal entries for the above transactions, Sleek Ride, a...

Sleek Ride, a company providing limo services, has a December 31 year-end date. For Sleek Ride, the following transactions occurred during the ?rst 10 days of June: a. Purchased, o

What are the tax effects of the debt adjustments, Harry purchased equipment...

Harry purchased equipment for his business and gave the seller cash and a note due in two years. Larry also purchased business equipment, but financed the transaction with a bank l

Balance sheet., how to prepare

how to prepare

Proposed dividends by subsidiary company, Proposed dividends by subsidiary ...

Proposed dividends by subsidiary company If the subsidiary company has proposed some dividends appearing under current liabilities then the dividends are payable to the holding c

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages