What is the advantage of preparing the flexible budget? The period is over and the actual results

Question:

What is the advantage of preparing the flexible budget? The period is over and the actual results are known. Is this just extra work for the staff?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

See More Books

Question Posted: Apr 26, 2012 04:27 AM

See More Questions

What is the advantage of transmitting power at high voltages?
What is the advantage of using common size income statements to present financial information for several accounting periods?
What is the advantage of making a Section 83(b) election?
Refer to E 29 and respond to the following requirements. Data in E 2-9 Prepare the necessary adjusting entries on December 31, 2024, for the Microchip Company for each of the following situations....
On January 1, 2013, Cougar Creations Inc. purchased $100,000 of 5-year, 8% bonds when the effective rate of interest was 10%, paying $92,277. Interest is to be paid on July 1 and December 31. 1....
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate...
Find the z-score that has 93.1865% of the distributions area to its left. Find the indicated z-score.
On November 15, 2008, Solanski Inc. imported 500,000 barrels of oil from an oil company in Venezuela. Solanski agreed to pay 50,000,000 bolivars on January 15, 2009. To ensure that the dollar outlay...
A sales budget is given below for one of the products manufactured by the Key Co: January-20 000 units, February-35 000 units, March-60 000 units, April - 40 000 units. The inventory of finished...
Mr. Richmond, a new client, has invested in rental properties, principal residences and other capital property with inheritance monies and other liquid cash. He provides you with the following...
Fixed cost variances are computed differently from the variances for variable costs. Why?
What is the link between flexible budgeting and management control?
In 2006 the Australian Government established an inquiry into corporate social responsibilities with the aim of deciding whether the Corporations Act should be amended so as to specifically include...
If a $1 coupon is distributed for a product that normally has a profit of $4 per unit, how much is the profitability reduced if coupon handling expenses are $0.30 per unit and coupon marketing...
The Robb Computer Corporation is trying to choose between the following two mutually exclusive design projects: Year CF Project I CF Project II -30000 -5000 1 15000 2800 2 15000 2800 3 15000 2800 a)...
What is the Google assistant present in Nest Guard? What are the features provided by Nest Guard? What did Google forget to disclose about Nest Guard? Is the secret microphone in Nest Guard enabled...
A crate of mass m is stationary on a ramp which is raised at an angle 0. a. Sketch a free body diagram of the crate at rest. b. What is the magnitude of the friction force? C. To move the block, the...
9. Compute the electrical change on a bit x (x,y) x (x, y) q (0,0) -8 (0,)
Which of the following statements is true? a. Encumbrances are equivalent to expenditures, and encumbrances outstanding at the end of a year should be reported as liabilities. b. No expenditure can...
How can a promoter avoid personal liability for pre-incorporation contracts?
What is the full form of JDK (a) Joint Development Kit (b) Java Demonstrate Kit (c) Java Development Keyword (d) Java Development Kit
Refer to the data for Bens Corporation in Exercise 11-35. Required Use the step method to allocate the service department costs to the production departments. Allocate HR costs first, followed by IT,...
Refer to the data for Bens Corporation in Exercise 11-35. Required Use the reciprocal method to allocate the service department costs to the production departments. (Matrix algebra is not required.)...
Refer to Exercises 11-29, 11-31, and 11-34 (University Printers). Required a. Which method do you think is best? Why? b. How much would it be worth to the company to use the best method compared to...
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 2nd Quarter 3rd...
You go to the hardware store to buy a new 50 ft garden hose. You find you can choose between hoses of inch and inch inner diameter. Compare the rate at which water flows through the two types of...
Miller Company's contribution format income statement for the most recent month is shown below: Sales (32,000 units) Variable expenses Total $ 224,000 128,000 Contribution margin 96,000 Per Unit $...

What is the advantage of preparing the flexible budget? The period is over and the actual results

Question:

Step by Step Answer:

Preparation of the expost budget allows management to compare actual results with the budget t...View the full answer

Fundamentals of Cost Accounting

Students also viewed these Managerial Accounting questions