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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.
Following figures are taken from annual budget of ABC manufacturers for the year 2013: Fixed factory overhead Rs. 4,000,000 Factory overhead absorption rate Rs. 70 per direct labor
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