Four simple Mangerial Accounting questions

Frequently comparing the actual expenditures to the budgeted amounts can O Help the accounting department and managers notice if an expense was recorded incorrectly or if there are areas of expenditures that need to be examined O Help managers decide when to cut off marketing efforts if they have spent their entire budget for the year O Determine when to discontinue production once the sales budget has been met PIEMIOLIS Next As the manager of the sales department, your responsibility regarding the budget includes: O All line items that fall under the sales department, which may include sales salaries, marketing, cell phone, travel expense and any others noted in your budget o The entire budget since you are responsible for sales. O None of the budget because another manager prepared the budget without your input Previous Next Would a school and a company that manufactures golf clubs use the same budgeting process? Why or why not? O Budgets are individual to each company Looking at goals, business year, and future needs can help you decide which budget will work best O Budgets are blueprints that need to be followed, so generally they will follow the same pattern regardless of the industry or business Calendar year budgets are standard, so most companies can use this style effectively Previous Next Including staff in budgeting processes can help to: O Take the responsibility off of upper level management. o Have someone to hold solely responsible if budget isn't met o Create a sense of teamwork and ownership Previous Next