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eBook Print O2 settore Maret Rainbow in recently appointed Margaret joyce as vice president of finance and and her to design a new budprting system

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eBook Print O2 settore Maret Rainbow in recently appointed Margaret joyce as vice president of finance and and her to design a new budprting system Joyce has changed to a monthly budgeting system by dividing the company annual budget by twelve oye then prepared monthly budgets for each department and asked the managers to submit monthly reports comparing actual to budget. A sample monthly report for Department is shown below RAINBOW INC Monthly port for Department Actual Budget Variance 1000 10 1001 Www 12,300 12700 5100 sou Vectavad 4250 2050 200u Der 1000 1.000 27 00 1100 100 tu 1.100 1000 10 900 This month budet haberimposed from the top and will create behavior problems. All of the following are causes of such problemi the noble budget themafeed budget top management authoritarian attitude toward the budget procent the nouono con controlable cosuch a pection de of condecon for factors such as seasonality FEAST

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