If sales forecast is subject to error, then, there is no purpose of budgeting. Do you agree?

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‘If sales forecast is subject to error, then, there is no purpose of budgeting.’ Do you agree? Also explain how a flexible budget can be used by management to help control costs.

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Management Accounting Text Problems And Cases

ISBN: 9781259026683

6th Edition

Authors: M Y Khan, P K Jain

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Question Posted: Mar 08, 2024 11:00 PM

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If sales forecast is subject to error, then, there is no purpose of budgeting. Do you agree?

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I disagree with the statement that if sales forecasts are subject to error then there is no purpose of budgeting While its true that sales forecasts m...View the full answer

Management Accounting Text Problems And Cases

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