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

Computerized packages, types of computerized packages .its cost .features s...

types of computerized packages .its cost .features size of the business is intended to service

Find the weighted average cost of capital, PrivateJets (PJ) is considering ...

PrivateJets (PJ) is considering expanding its operations in the corporate travel market. Currently, PJ has a capital structure with a 25% debt-equity ratio. Their levered equity

Realized gain or loss on the exchange, Pauline's Pastry Shop decides to rem...

Pauline's Pastry Shop decides to remodel its offices this year. As part of the remodeling, Pauline's trades furniture with a cost of $12,000 that had been expensed in the year of p

Calculate the cost of direct material used during the period, A company add...

A company adds overhead costs to jobs at the rate of $8 per direct labor hour. It accumulates overhead costs in a seperate manufacturing overhead account and uses normal costing to

Principle of accounting, what is the implication of applying accounting pr...

what is the implication of applying accounting principle wrongly

Sgtatement of Cash Flow, “The statement of cash flows is the easiest of the...

“The statement of cash flows is the easiest of the basic financial statements to prepare because you know the answer before you start. You compare the beginning and ending balances

#title.suspense account, The book of Deven Verma could not be tallied. The ...

The book of Deven Verma could not be tallied. The account transferred the difference of Rs. 1.270 in the suspense account on the debit side. the following mistakes were found later

Estimate the growth rate of stock, Estimate the Growth rate of stock ...

Estimate the Growth rate of stock Data stock price = 53 rate of return= 12% expected dividend = 3.15 Formula : Expected return  = (dividend paid + capital

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