Question: What is the difference between top-down budgeting and bottom-up budgeting?

What is the difference between top-down budgeting and bottom-up budgeting?

Step by Step Solution

★★★★★

3.31 Rating (181 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer While we are making budget whether for small organization or big corporation there are two ma... View full answer

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

Document Format (1 attachment)

Word file Icon

229-B-M-A-B-P-C (758).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Q:

What is the difference between fixed order inter1vahorder up to level model and fixed order quantity/reorder point model? When would each be preferred?

Q:

What is the difference between fixed order interval/order up to level model and the coordinated periodic review model? When would each be preferred?

Q:

What is the difference between nondiversifiable (systematic) risk and diversifiable (unsystematic) risk?

Q:

What is the difference between top-down budgeting and bottom-up budgeting concepts? When would you use one concept versus another? Based on your experience, which one is more effective and why? What...

Q:

25-The tools and techniques used in the process of Determine Budget includes all but a- Cost Aggregation b- Cost of Quality c- Expert Judgement d- Historical Relationships 26- You are using a...

Q:

25-The tools and techniques used in the process of Determine Budget includes all but a- Cost Aggregation b- Cost of Quality c- Expert Judgement d- Historical Relationships 26- You are using a...

Q:

1.What are the advantages of top-down budgeting? Of bottom-up budgeting? What is the most important task for top management to do in bottom-up budgeting? 4.What is a variance? 8.How does a risk...

Q:

What are the advantages of top-down budgeting? Of bottom-up budgeting? What is the most important task for top management to do in bottom-up budgeting?

Q:

What is the difference between top-down budgeting and bottom-up budgeting concepts? When would you use one concept versus another? Based on your experience, which one is more effective and why?

Q:

Individual Assignment Specifications Purpose: This assignment aims at developing your understanding of the purpose and use of management accounting systems, and its usefulness in aiding managers make...

Q:

If the price increased by 40%, what will happen to EOQ? (Assumed the original demand level and ordering cost remain constant). What is the elasticity of EOQ with respect to price? (That is, the...

Q:

Find the length of the curve y = ln (cosx) between x = 0 and x = /4.

Q:

A Home | Microsoft 365 X 9 Mail - Amina Dasana X aiam populi login - Se x @ Q1 PNUR 102c: Pharn X E Elsevier Adaptive Quiz X r.com/#/quiz?assignmentld=6790490 B. Booking.com e Evolve * Test taking...

Q:

. John offers 50 to anyone who will remove rubbish from his garden. The following people comply with the terms of his offer: (a) his wife, Beatrice; (b) his ex-wife, Brenda; (c) his mistress,...

Q:

In what way can the use of ROI as a performance measure for investment centers lead to bad decisions? How does the residual income approach overcome this problem?

Q:

Why do the measures used in a balanced scorecard differ from company to company?

Q:

Why do the measures used in a balanced scorecard differ from company to company?

Q:

Stock X has a standard deviation of return of 10%. Stock Y has a standard deviation of 20%. The correlation coefficient between the stocks is 0.5. If you invest 60% of your funds in stock X and 40%...

Q:

Stellar Plastics is analyzing a proposed project. The company expects to sell 12,000 units, give or take 4 percent. The expected variable cost per unit is $7.00 and the expected fixed cost is...

Q:

9/10 QUESTION 9 Lee Sun's has sales of $3,000, total assets of S2,500, and a profit margin of 5 percent. The firm has a total debt ratio of 40 percent. What is the return on equity? O a 6 percent b....