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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.
Account Analysis Method of Cost Estimation By Utilizing account analysis, the accountant classifies and examines each ledger account like variable mixed or fixed. Into their v
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full explanation on cost concept and classification
SOLUTION FOR COST BUDGET ON ANNUAL DAY
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F ixed Overhead Variance (FOV) Fixed overhead variance has been described by ICMA, London, as 'the variation between the standard cost of fixed overhead absorbed in the pro
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