Why is the budget used for planning purposes not necessarily the best budget to use for evaluating

Question:

Why is the budget used for planning purposes not necessarily the best budget to use for evaluating cost control?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

See More Books

Question Posted: Jul 02, 2024 09:03 AM

See More Questions

Conflicting role in budgeting for operations A senior design engineer for a large American automobile manufacturer recently complained to one of his colleagues. "Those marketing guys want everything....
HCC Industries Until 1987, HCC Industries, a manufacturer of hermetically sealed electronic connection devices and microelectronic packages, operated with a philosophy of having stretch performance...
Why is the budget used for planning purposes not necessarily the best budget to use for evaluating cost control? LO1
Design a linear-time algorithm to sort an array of Comparable objects that is known to have at most three distinct values. (Edsger Dijkstra named this the Dutch-national-flag problem because the...
Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question. LSN, a calendar year S corporation, has 13 shareholders. Since its...
Life insurance companies tend to invest in long-term assets such as loans to manufacturing firms to build factories or to real estate developers to build shopping malls and skyscrapers. Automobile...
How much equity you can raise based on your cash flow projections and your investors IRR hurdle rate.
Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 65 minutes per unit. The budgeted conversion costs for the manufacturing cell dedicated to...
Required information A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals...
(Appendix) Compare and contrast a programmed budget, a zero-base budget, and a traditional budget.
Is a budget-to-actual comparison essential in the control of discretionary costs? Provide reasoning for your answer.
For the following exercises, graph the points and find a possible formula for the trigonometric values in the given table. x y -3 3+22 -2 3 -1 22-1 0 1 1 3-22 2 1 3 -1-2V/2
1.A woman eats 65g of protein per day. She weighs 156 lbs. How much protein is she getting per kg of body weight? Explain briefly both question 2.152 lbs = ________________kg. [2.2 lbs = 1 kg] explain
The concrete slab shown in Figure is 7m x 5m. The slab is not supported along one of the 7m long edges (free edge). The other three edges are supported and continuous over the supports, and therefore...
1. If possible, find 4-B -[{3}][{3}] A=
Georgi owns 50% of Forbes, Inc., an S corporation. At the beginning of the current tax year, Georgi had zero basis and an unused net business loss carryover of $10,000. During the tax year, she...
luation, of Fundamental Managerial Accounting Concepts. Use Excelshowing all work and formulasto complete the following: Prepare a flexible budget. Compute the sales volume variance and the...
Why are transparencies a favorite visual aid?
Explain the Hawthorne effect.
U.S. GAAP specifies all of the following characteristics of variable interest entities except: A. Equity holders hold less than 5% of the entitys voting stock. B. Equity holders do not have voting...
Rank the following three stocks by their risk-return relationship, best to worst. Night Ryder has an average return of 10 percent and standard deviation of 27 percent. The average return and standard...
Use the following information: \ table [ [ Country , \ table [ [ Consumer Prices ] ] , Interest Rates,Current Units ( per US$ ) ] , [ Forecast , 3 - month, 1 - yx Covt Bond,, ] , [ 2 0 2 4 e ,...

Why is the budget used for planning purposes not necessarily the best budget to use for evaluating

Question:

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions