Question: what is the difference between static and flexible budgeting and which one is better according to you. Also among the responsibility centres - Profit centre,

what is the difference between static and flexible budgeting and which one is better according to you. Also among the responsibility centres - Profit centre, investment centre and cost centre, which business centre would you best work in and why ? Describe briefly

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

IBS is a global provider of point-of-sale systems and related services that enable businesses to accept electronic payments. As a new hire in the companys international headquarters accounting...

As in most areas of life and work, advances in information technology have focused attention on the importance of good information systems to support logistics and distribution activities. The...

Read the text in photos and answer the following question As in most areas of life and work, advances in information technology have focused attention on the importance of good information systems to...

21______ departmentalization means creating departments based on the area of the country or even the world they serve Customer Process Geographical Functional product 22. Calin Rovinescu CEO of Air...

I am attaching all of the questions. These are basically small questions which are required to be answered as per the exact requirements. These are all related to finance. No irrelevant details are...

3 5 1. Break even point in sales dollars can be defined as: a) sales ($) are equal to contribution margin b) sales ($) are equal to variable costs and fixed costs. c) sales ($) are equal to operating...

Stand Alone Project all the information is attached in word format. Stand-Alone Project: Case Study in Managerial Accounting You should begin working on the Stand-Alone Project early in the course....

Test Questions Question No 1 Information is relevant in business decisions if it is a(n) ________. A. past revenue and it differs among alternatives B. expected future revenue and it differs among...

10Operations Budgeting Chapter 10 Outline Complete Review Questions 1-10 at the end of "HospitalityIndustry Managerial Accounting," Ch. 10 .Types of Budgets Budgeting Horizons Reasons for Budgeting...

Required Which of the following items should be classified as long-term operational assets? a. Cash b. Buildings c. Production machinery d. Accounts receivable e. Prepaid rent f. Franchise g....

Munyu Ltd. currently has a centralized billing system. All payments are made by customers to a central billing location. It requires an average of eight days for customers mailed payments to reach...

where did you get 1 1 7 2 and 8 0 5 for cash?

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Research provides evidence that organisations that invest in Diversity and Inclusion are more innovative in the long run and outperform organisations that do not. Critically evaluate the...

Would you have done anything differently? Provide a rationale for your choices.

Describe the nature of institutional changes in the Italian schooling system. How did these have an impact on the school in question?