Explain why time-based budgeting is essential for cost control.
Question:
Explain why time-based budgeting is essential for cost control.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Timebased budgeting is a powerful tool for cost control because it adds a dimension of awareness to ...View the full answer
Answered By
Naveen Sundaria
Currently, I am in the second year of my M.Tech in Bioscience and Bioengineering from Indian Institute of Technology Jodhpur, India. I did my B.Tech in Biotechnology from G.B Pant University of Agriculture and Technology Pantnagar, India. In my M.Tech, I have been teaching assistant in various subjects like Biochemistry, Genetics and Neural Engineering for B.Tech Biotechnology classes at IIT Jodhpur.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cost And Value Management In Projects
ISBN: 9781119933540
2nd Edition
Authors: Ray R. Venkataraman, Jeffrey K. Pinto
Question Posted:
Students also viewed these Business questions
-
Data set Theory Assume an informational record with one association parent including matches (a, b) where a can't try not to be a parent of b. (a) Write a Datalog demand which gives the graph of...
-
(a) Explain how a limit worth may be tended to at run-time, both in a syntaxtree middle person and in collected code. What is the importance word "settled" already? [3 marks] (b) Give a model program...
-
Priority reversal can happen when strings of varying needs synchronize on admittance to normal assets - strings of more prominent need might wind up looking out for strings of lesser need, prompting...
-
Develop two goals pertaining to your education, future career, or personal life. Each goal includes at least three objectives. Make sure your objectives include performance, conditions, and criteria....
-
Describe the functions of red and yellow bone marrow.
-
Find the index of (3) in the group Z 24 .
-
We seem to spend a lot of energy retraining our teachers and administrators after their preparation in universities. Why cant university preparation programs be more effective in the first place?
-
Allen Shonton recently opened his own accounting firm on April 1, which he operates as a corporation. The name of the new entity is Allen Shonton, CPA. Shonton experienced the following events during...
-
How does the purpose of a document define its format and content? Think of a specific kind of document with a specific purpose and audience. Then create a format or template suitable to that...
-
Explain the need for contingency funding in project budgets, and its various aspects.
-
Discuss the activity-based costing method in developing a project budget.
-
A group of environmental activists is interested in the activities of Burnip Chemicals plc, a company that has been regularly fined in the past for emitting toxic waste into the river running past...
-
Carla Vista Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2025, the following balances relate to this plan Plan assets $489,900 Projected benefit obligation 616,700...
-
Question 2 of 8 Shirts were purchased for $12.50 each and were marked up by $18.75. During Christmas, they were discounted by $6.85 per shirt. a. What was the rate of markdown? % Round to two decimal...
-
The cost versus quality decision is one that only few companies get right. What is the cost of quality? It is very high for some companies such as Ford and Bridgestone/Firestone, whose reputations...
-
Find the absolute maximum and absolute minimum values of the function f(x) (x-2)(x-5)+7 = on each of the indicated intervals. Enter 'NONE' for any absolute extrema that does not exist. (A) Interval =...
-
4. Roll one 10-sided die 12 times. The probability of getting exactly 4 eights in those 12 rolls is given by (a) 10 9 4 10 10 (b) HA 9 -HAA (c) 1 (d) 9 (c) 10 9 () 10
-
Oysters Away shucks and packs oysters and sells them wholesale to fine restaurants across the state. The income statement for last year follows: Pickers, shuckers, and packers are employed on an...
-
Which task is performed by a book-keeper? A. Analysing the trading results B. Entering transactions in the ledger C. Preparing year-end financial statements D. Providing information for...
-
On 1/1/21, Hall Inc entered into a lease agreement with Oates Co. Hall leased a machine from Oates for 9 years. The estimated useful life of the machine is 9 years. At the end of the 9 year lease...
-
Problem 3-17 Cost Flows; T-Accounts; Income Statement [LO3-2, LO3-3, LO3-4] Supreme Videos, Inc., produces short musical videos for sale to retail outlets. The companys balance sheet accounts as of...
-
You have decided to use the Capitalization of Excess Earnings method to value a small Veterinarian office, and you have asked the Veterinarian to assist you in determining what is important to her...
Study smarter with the SolutionInn App