Question: Why are flexible budgets powerful control tools? 1 ) They allow the preparation of historical reports. 2 ) They allow managers to set the budget

Why are flexible budgets powerful control tools?
1) They allow the preparation of historical reports.
2) They allow managers to set the budget at a budgeted activity level.
3) They allow the calculation of what cost should be for the actual level of activity.
4) They allow the calculation of what cost should be for the budgeted level of activity.

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!

Q:

If a cost is incurred to support the administrative functions and is not classified as direct labor or direct material, it is part of overhead. Question 5 options: True False Question 6 (1 point)...

Q:

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...

Q:

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...

Q:

I would like to have the answers for question 1 thru 64 please ACCA 310 FALL 2015 ASSIGNMENT QUIZ CHAPTERS 7 TO 10 Multiple Choice: 1. The financial budget includes a. only the capital budget and the...

Q:

I would like have the answers for questions 65 - 130 ACCA 310 FALL 2015 ASSIGNMENT QUIZ CHAPTERS 7 TO 10 Multiple Choice: 1. The financial budget includes a. only the capital budget and the cash...

Q:

CASE STUDY When our old cost system was designed and implemented, it was state-of-that-art. But it no longer provided us with accurate numbers. The reported numbers were too aggregated to provide us...

Q:

CASE STUDY When our old cost system was designed and implemented, it was state-of-that-art. But it no longer provided us with accurate numbers. The reported numbers were too aggregated to provide us...

Q:

Project 2: Flexible Budget and Budget Report (10 points) Upload your file to Moodle by the deadline specified. Do NOT email your file! Halloween Supplies, Inc. estimates that 120,000 direct labor...

Q:

Conflicting role in budgeting for operations A senior design engineer for a large American automobile manufacturer recently complained to one of his colleagues. "Those marketing guys want everything....

Q:

Use the flexible budget template to complete this problem The Antigua Blood bank, a private charity partly supported by government grants is located on the Caribbean island of Antigua. The blood bank...

Q:

The following revenue transactions occurred during August:Aug. 7. Issued Invoice No. 121 to Lincoln Co. for services provided on account, $5,410.15. Issued Invoice No. 122 to Triple A Inc. for...

Q:

Without using built in python functions. Try to write a program that will find the largest and second largest item in a list 2Define a linked list, how does it differ from a list 3using a for loop...

Q:

what is the implication of the esistence of forward interest that consistently overestimates future interest rates

Q:

Discuss qualitative research designs in detail?