Advantage and disadvantages of zero based budgeting, Cost Accounting

Assignment Help:

Advantage and Disadvantages of Zero Based Budgeting

Advantages

1. Resources allocation is more efficient.

2. Focus attention on values for money and makes clear relationship between output and input.

3. Develops a questioning altitude and makes it easier to identify obsolete as well as inefficient and less cost effective operations.

4. Leads to greater management and staff knowledge of operations.

Disadvantages

1. Time consuming.

2. High skills essential.

3. May encourage wrong impression that every decisions must be made via budgets.

4. Short- term benefits may be emphasized to the detriment of long-term benefits.


Related Discussions:- Advantage and disadvantages of zero based budgeting

Cost, please concept clear me cost accounting for example, we manufacturing...

please concept clear me cost accounting for example, we manufacturing any product

How do you record this transaction?, Two classes of stock authorized: $100 ...

Two classes of stock authorized: $100 par preferred and $2 par common how do you record this transaction? May 18 Issues 30,000 additional shares of $2 common stock for $75 p

Overapplied or underapplied overhead: manufacturer, Budgeted direct labour ...

Budgeted direct labour cost 75000 hours @ $16 per hour Budgeted manufacturing overhead 80 000 hours @ $17.50 per hour Actual direct labour cost $997 500 Budgeted manufa

Example of high - low method of cost estimation, Example of High - Low Meth...

Example of High - Low Method of Cost Estimation Based on the performance, such you have been provided along with the given information regarding ABC Ltd for the year ended on

Compute the net cash used, Martinez Corporation engaged in the following ca...

Martinez Corporation engaged in the following cash transactions during 2012. Sale of land and building $186,710 Purchase of treasury stock 42,130 Purchase of land 39,130

Budgeted and actual fixed costs per month , Using  the  information below, ...

Using  the  information below, list profit statements  for June and July using  (a) margin costing and (b) absorption costing. A company produces and sells 1 product only which

Time analysis - cost accumulation, Time Analysis - Cost Accumulation T...

Time Analysis - Cost Accumulation This is generally achieved via having the employee complete a daily or weekly timesheet or via contain job cards or piecework tickets. As whe

Assignment, Ed Mettway was concerned about his firm''s ability to acquire t...

Ed Mettway was concerned about his firm''s ability to acquire the necessary property, plant, and equipment to take advantage of steadily increasing sales. Touring Enterprises, esta

Advantage and disadvantages of zero based budgeting, Advantage and Disadvan...

Advantage and Disadvantages of Zero Based Budgeting Advantages 1. Resources allocation is more efficient. 2. Focus attention on values for money and makes clear relat

Activity Based Costing, Multiple Versus Single Overhead Rates, Activity Dri...

Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year: Deoro p

Write Your Message!

Captcha
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