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Simply speaking you are asked for the purpose of a plan of any type did you use figures which were estimated or have you been figures of the actual costs associated with the planning project. When dealing with any planning process if actual are used then you would not expect to see cost increase when the plan is completed. If they are estimated there is a strong chance of cost variance either more than estimate (which is normal) or less than estimate which rarely occurs.
What else can I help you with?
What is the purpose of using wealth management systems?
There are many purposes of using wealth management systems. One of the main purposes is that it incorporates financial planning and advises investment discipline.
What is the difference between actual costs and budgeted costs?
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
Why are actual overhead is rate seldom used in practice?
Actual overhead rates are seldom used in practice because they can fluctuate significantly over time, making budgeting and cost control difficult. Companies often prefer to use predetermined overhead rates based on estimated costs to provide more stability and predictability in pricing and financial planning. Additionally, using estimated rates allows for timely decision-making and smoother operations, as actual overhead costs may not be known until the end of a period. This approach helps to avoid the inconsistencies that can arise from the variability in actual overhead expenses.
Light velocity is186000 using the light velocity when did supernova actually occurred relative to when the Chinese astronomers saw the explosion?
SN185, the first supernova recorded by Chinese astronomers in 185 AD, is estimated to be 8200 lightyears away from us. As such, the actual time of the explosion is estimated to be 8015 BC.Since large astrometric distances are measured in light years, it is not necessary to know the speed of light or use it in any calculation, for the purposes of answering this question.
How metal reinforcement estimated?
by using calaculator.......it can be estimated......
What is the relationship between actual investment and saving in the context of financial planning?
In financial planning, the relationship between actual investment and saving is that saving is the money set aside from income, while investment is using that saved money to generate potential returns. By balancing saving and investment, individuals can work towards achieving their financial goals and building wealth over time.
Estimate the total weight of two boxes that weight 9.4 lb and 62.6 lb using rounding and compatible numbers which estimate is closer to the actual total weight why?
Rounding the weights to 10 lb and 60 lb gives an estimated total weight of 70 lb. Using compatible numbers by rounding to 9 lb and 60 lb, the estimated total weight is 69 lb. The estimate using compatible numbers (69 lb) is closer to the actual total weight of 71.6 lb.
Can you Make a sentence using the word planning?
I am planning to answer this question. And I just did.
What is the biggest barrier in using marijuana for medicinal purposes?
Using marijuana, even for medicinal purposes, is illegal in most states.
Can you make a sentence by using estimated?
He estimated that it would take three more hours to do his homework.
Can you give me a sentence using the word estimated?
It was estimated that 200 people died in the earthquake. The total attendance had to be estimated. The estimated value of the painting was set at one million dollars.
How do you calculate depreciation using units of production?
To calculate depreciation using the units of production method, you first determine the total estimated production capacity of the asset over its useful life. Then, calculate the depreciation expense per unit by dividing the cost of the asset (minus any salvage value) by the total estimated production units. Finally, multiply the depreciation expense per unit by the actual number of units produced in a given period to determine the depreciation expense for that period. This method aligns the expense with the asset's actual usage.
