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

What would be the balance in the paid-in capital, Horton Co. was organized ...

Horton Co. was organized on January 2, 2010, with 500,000 authorized shares of $10 par value common stock. During 2010, Horton had the following capital transactions: January 5-iss

Semi fixed costs, Semi Fixed Costs Are costs along with both a variabl...

Semi Fixed Costs Are costs along with both a variable and fixed cost component? The fixed component is such portion that is constant irrespective of the level of activity. The

Principles of marginal costing, Principles of Marginal Costing The pri...

Principles of Marginal Costing The principles of marginal costing are as given: 1. Period fixed costs are similar, for any volume of sales and production provided suc

Weighted average method, Weighted Average Method This way is a perpet...

Weighted Average Method This way is a perpetual weighted average system whereas the issue price is recalculated after one of receipt of stocks taking into accounts both money

Calculate the payback and discounted payback period, Lapsol limited manufac...

Lapsol limited manufacture electrical appliances for the export market. The management of the company are considering investing in one of two possible capital expenditure projects.

Illustration of overhead variance analysis, Illustration of Overhead Varian...

Illustration of Overhead Variance Analysis Again for intentions of our demonstrations in overhead variance analysis, we will suppose the given basic data for company in the pr

Multiple Products, Differentiate between Multiple Products, Selling Costs a...

Differentiate between Multiple Products, Selling Costs and Margin Management

Semi variable costs, Semi Variable Costs Are costs along with both a f...

Semi Variable Costs Are costs along with both a fixed and variable cost component? The fixed component is such portion that is constant irrespective of the level of activity.

Techiniques ofinventory control, hml analysis , sde analysis,sos analysis, ...

hml analysis , sde analysis,sos analysis, golf analysis , xyz analysis

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