How does budgeting provide important information to managers and operating personnel?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Budgeting translates goals and objectives into the resourc...View the full answer
Answered By
Muhammad adeel
I am a professional Process/Mechanical engineer having a vast 7 years experience in process industry as well as in academic studies as a instructor. Also equipped with Nebosh IGC and lead auditor (certified).
Having worked at top notch engineering firms, i possess abilities such as designing process equipment, maintaining data sheets, working on projects, technical biddings, designing PFD and PID's etc.
Having worked as an instructor in different engineering institutes and have been involved in different engineering resrearch projects such as refinery equipment designing, thermodynamics, fluid dynamics, chemistry, rotary equipment etc
I can assure a good job within your budget and time deadline
4.90+
52+ Reviews
60+ Question Solved
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Question Posted:
Students also viewed these Cost Accounting questions
-
How are information systems important to managers in a variety of functional business units? What are examples of ways that information systems are important to the success of a marketing department,...
-
How do managers use budgeting within the e-marketing planning process?
-
How does degree of operating leverage help managers predict changes in profit? In general, would you prefer a higher or lower degree of operating leverage?
-
Suppose an economy is at full-employment equilibrium at a GDP of $25 billion and investment declines by $4 billion. According to Keynes, this economy will: OA. Quickly self adjust back to full...
-
Crown Specialties reported the following at December 31, 2016 (in thousands): 1. Determine the following items for Crown Specialties during 2016: a. Gain or loss on the sale of property and equipment...
-
Slipp & Slide are conducting the final audit of Woodhood plc who are importers and dealers in timber and manufacturers of packing materials. The accounts show results which are comparable to those of...
-
What is a gender ideology, and how is it expressed in society?
-
Irwin Corporation has been authorized to issue 20,000 shares of $100 par value, 10%, noncumulative preferred stock and 1,000,000 shares of no-par common stock . The corporation assigned a $2.50...
-
1. What is a ceramic? 2. What is the difference between the traditional ceramics and the new ceramics? 3. What are the general mechanical properties of ceramic materials? 4. What are the general...
-
The following information is available on the Vanier Corporation: BALANCE SHEET AS OF DECEMBER 31, 20X6 (IN THOUSANDS) INCOME STATEMENT FOR 20X6 (IN THOUSANDS) Credit sales..$8,000 Cost of goods...
-
Tomm's T's is a New Yorkbased company that produces and sells t-shirts. The firm uses variable costing for internal purposes and absorption costing for external purposes. At year-end, financial...
-
How does the strategic plan influence preparation of the master budget?
-
The completed financial statement columns of the worksheet for Niho Company are shown below. Instructions (a) Prepare an income statement, owners equity statement, and a classified balance sheet. S....
-
1.Find the total monthlypayment, including taxes and insurance. Mortgage : 89,400 Interest Rate : 3.5 % Term of Loan : 15 years Annual Taxes : 906 Annual Insurance : 333 The total monthly payment is?...
-
The American Psychological Association defines resilience as "the process of adapting well in the face of adversity, trauma, tragedy, threats, or even significant sources of stress". Studies have...
-
Metropolitan Limited, a construction company, is planning to acquire new earth-moving equipment at a cost of $10 million, and is considering the following alternative sources of finance: (i) A bank...
-
A refrigerator contains 6 apples, 5 oranges, 10 bananas, 3 pears, 7 peaches, 11 plums, and 2 mangos. Imagine you stick your hand into the refrigerator and pull out a piece of fruit at random. What is...
-
On December 31 of last year, Wolfson Corporation had in inventory 540 units of its product, which cost $21 per unit to produce. During January, the company produced 940 units at a cost of $24 per...
-
Explain how the use of online transaction entry (OLTE) can increase efficiency when using batch processing.
-
The following exercises are not grouped by type. Solve each equation. x610x -9
-
Let S S be the upper hemisphere x 2 + y 2 + z 2 = 1 , z 0 x 2 + y 2 + z 2 = 1 , z 0 . For each of the functions (a)-(d), determinewhether \(\iint_{\mathcal{S}} f d S\) is positive, zero, or...
-
Use the data for Cranwell Company in E6-18A to illustrate Cranwell's income tax advantage from using LIFO over FIFO. Sales revenue is $7,700, operating expenses are $1,400, and the income tax rate is...
-
Spicer Company's inventory records for the most recent year contain the following data: Spicer Company sold a total of 19,100 units during the year. Requirements 1. Using the average-cost method,...
-
MusicPlace specializes in sound equipment. Because each inventory item is expen¬sive, MusicPlace uses a perpetual inventory system. Company records indicate the following data for a line of...
-
Electric energy units are often expressed in "kilowatt-hours." (a) Show that one kilowatt-hour (k Wh) is equal to 3.6 x 10 J. (b) If a typical family of four uses electric energy at an average rate...
-
What are the ethical and safety implications of deadlocks in critical infrastructure systems, such as power grids or medical devices, and what measures can be taken to ensure high reliability and...
-
Discuss the economic rationale for fiscal decentralisation with reference to the Tiebout model. How would you characterise the empirical support for the model's implications?
Study smarter with the SolutionInn App