What assumption is implicitly made about cost behavior when a static planning budget is directly compared to
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (19 reviews)
When the static planning budget is directly compared to actual ...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
What assumption is implicitly made about cost behavior when all of the items in a budget are adjusted in proportion to a change in activity? Why is this assumption questionable?
-
What assumption is implicitly made about cost behavior when a budget is directly compared to actual results? Why is this assumption questionable?
-
A static budget is based on a single level of operations, which is never adjusted. Therefore the static budgeted expense amounts will not change even though actual volume does change during the year....
-
Guidance Residential in Reston, Virginia, offers a Shari'ah-compliant housing finance product for Muslims and others who do not believe in collecting or paying interest. Under their Declining Balance...
-
For each of four assets in the Table P9.28, determine the missing amounts (for asset type III, the annual usage is 15,000 miles). Table P9.28 Types of Asset Depreciating Methods End of year Initial...
-
A rock band's tour bus, mass M, is accelerating away from a stop sign at rate a when a piece of heavy metal, mass M/5, falls onto the top of the bus and remains there. a. Show that the bus's...
-
Describe the Initiating Process. AppendixLO1
-
Is there brand loyalty among car owners in their purchases of gasoline? To help answer the question, a random sample of car owners was asked to record the brand of gasoline in their last two...
-
Ibri Company has income before tax RO 500,000 from their main operations and loss of RO 120,000 from discontinued operations. The income tax rate is 15%. You are required to identify from the...
-
NXS Semiconductor prepares its financial statements according to International Financial Reporting Standards. The company incurred the following expenditures during 2016 related to the development of...
-
Natural Care Corp., a distributor of natural cosmetics, is ready to begin its third quarter, in which peak sales occur. The company has requested a $60,000, 90-day loan from its bank to help meet...
-
Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area. The companys planning budget for March appears below: Gator Divers Planning...
-
Seoul is the capital city of (capitals are designated with red dots): M-1 a. Vietnam b. Cambodia c. Malaysia d. China e. South Korea
-
Complete the exercises on the following website. Remember to type your answers in word or excel, screenshot, or phone pic as your work. The site does not save your answers. Upload your work on...
-
There are many management theories that are utilized in organizations. These theories were developed by scholars in the management discipline. One individual was responsible for identifying the major...
-
An increase in the price and a decrease of the quantity of Paclitaxel (an anti-cancer drug) could be caused by which of the following? Select one: O a. an increase in the number of people being...
-
At December 31, 2023, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Category Land Land improvements Buildings Equipment Automobiles and...
-
Assume that the following table represents the sales figures for the five largest firms in the industry. Compute the HHI for the industry (assuming the industry contains just these five firms). Sales...
-
Perform a sensitivity analysis on the certaintyequivalence factor in section 6.5, showing how the IRR of the differential cash fl ows varies with the CE factor
-
The Dow Jones Industrial Average reached a high of $ 7801.63 on December 29, 1997. Recall from Example 18.4 that it reached a high of $ 1003 on November 14, 1972. The Consumer Price Index for...
-
Explain why environmental damage costs are an externality. Use some concrete exam ple(s) to support your answer.
-
Why should the employee who handles cash receipts not have the responsibility for maintaining the accounts receivable records? Explain.
-
Before a voucher for the purchase of merchandise is approved for payment, supporting documents should be compared to verify the accuracy of the liability. Give an example of supporting documents for...
-
Before a voucher for the purchase of merchandise is approved for payment, supporting documents should be compared to verify the accuracy of the liability. Give an example of supporting documents for...
-
explain the concept of Time Value of Money and provide and example. In addition to your discussion, please explain the differences between Stocks and Bonds
-
Wildhorse Inc. has just paid a dividend of $3.80. An analyst forecasts annual dividend growth of 9 percent for the next five years; then dividends will decrease by 1 percent per year in perpetuity....
-
Jenny wanted to donate to her alma mater to set up a fund for student scholarships. If she would like to fund an annual scholarship in the amount of $6,000 and her donation can earn 5% interest per...
Study smarter with the SolutionInn App