Flexible budget, Cost Accounting

Assignment Help:

Flexible Budget

Flexible budget is a budget that is designed to change in accordance along with the level of activity attained. It includes budgeting at various levels in anticipation of changes. The original budget is adjusted or flexed to reflect the real conditions whether the performance was done.

It is more useful rather than fixed budgeting because of as:

1. It gives a range of information at the planning stage that will assist in short term planning.

2. Control: It gives control data when compared along with real performance.

3. Motivation: More probably to be acceptable to management to give a positive motivational stimulus since the control data is adjusted to conform along with current activity level.


Related Discussions:- Flexible budget

Irr, The following data pertains to an investment proposal: Required invest...

The following data pertains to an investment proposal: Required investment $400,000 Annual cost savings $105,700 Projected life of investment 6 years Projected salvage value $0 Req

Cost volume analysis, Production of a particular product costs $50 per mate...

Production of a particular product costs $50 per material, $80 per labour and variable overhead is 75% of labour cost. If the selling price per unit is $230 and fixed cost amounts

Engineering method of cost estimation, Engineering Method of Cost Estimatio...

Engineering Method of Cost Estimation This method is based on a detailed study of each operation whereas careful requirement is made for materials, labour and equipment essent

Calculate the put price, Question: Suppose that the stock now sells at ...

Question: Suppose that the stock now sells at $80, and the price will go up by 5% or down by 5% at the end of first six month (t = ½).  Then, the price will either go up by 10%

Job costing, the features and scopes of job costing

the features and scopes of job costing

Job-order costing system.., Compute the predetermined overhead rate used du...

Compute the predetermined overhead rate used during the year in the Preparation and Fabrication Departments.

Chapter 4 Fundamentals of Cost Analysis for Decision Making, 31. Special Or...

31. Special Orders Maria’s Food Service provides meals that nonprofi t organizations distribute to handicapped and elderly people. Here is her forecasted income statement for April

Calculate actual costs of work performed, This is defined as an actual amou...

This is defined as an actual amount paid or incurred, as opposed to estimated cost or standard cost. In contracting, actual costs amount includes direct labor, direct material, and

Current funding availability, 1. The Initial Borrowings required are determ...

1. The Initial Borrowings required are determined by the amount required to start  the project less the Cash Invested by the Corporation.  The loans will always be principle & inte

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