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The key to current asset planning is the ability of management to forecast sales accurately and then match production schedules with the sales forecast?
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∙ 10y ago
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∙ 10y ago
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Why is it advisable to start with sales the production and capital expenditure forecast in the budgeting process?
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'What is the difference between sales forecast and sales quota?
what is sales forecast
Advantages of using a standard cost system?
It is a management by exception accounting system. You forecast by knowledge or history what your material costs may be (usage and cost) and your labor(hourly rates and production units) and the estimated overhead for a period of production and then measure the actual results against the standard. Rather than reviewing all costs - you review only the variances and the reason why and the cost drives that generated the variances. You can determine whether those cost drivers can be controlled and apply those measures or eventually set them as a part of the standard cost value.
What is a forecast outturn?
Forecast outturn is an estimate of expenditure made before the Appropriation Accounts have been prepared.
Should the A G Refrigerators sales budget be lower higher or equal to the sales forecast and why?
If you have a stable market in which you operate, then you could forecast for the sales. Normally sales budget should not exceed the sales forecast. Exceeding the sales budget over the forecasted sales can help the firm invest more capital in marketing and promotions. The Sales forecast would be beneficial for the production department.
What are three ways master schedules are expressed in?
1. Make-to-order (job shop) 2. Assemble-to-order or forecast (repetitive) 3. Stock-to-forecast (contininous)
How can i find an accurate 2010-2011winter forecast for the UK?
Sorry but - you won't get an accurate forecast this far ahead of winter. Current technology is only able to accurately forecast up to five days ahead.
How far in advance can we accurately forecast the weather?
it takes about four hours
What is the difference between sales and production?
A forecast of Sales is calculating the amount of items you expect to sell over a certain period, whereas a Production forecast is calculating the amount of items you expect to produce over a certain period.
What is the difference between sales and production forecasts?
A forecast of Sales is calculating the amount of items you expect to sell over a certain period, whereas a Production forecast is calculating the amount of items you expect to produce over a certain period.
What is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization's sales forecast a production budget?
production budget
Senior management uses finance and accounting information systems to?
forecast sales trend
What is the point of cashflow forecast?
A cashflow forecast is very important in financial management. It plans the future cash requirements so the company can avoid going into a crisis of liquidity.
Why senior managers require different types of management accounting information?
to forecast sales trend
Who are good construction management trainers?
A good construction estimator is one who accurately forecast the cost of future projects and compiles and analyzes data of all the factors that can influence construction costs. These cost include construction materials, construction labor, construction location, and special machinery requirements.
What is capacity consideration?
Forecast demand accurately Understand the technology and capacity increments Find the optimum operating level (volume) Build for change
Pain Management Devices Market?
Pain Management Devices Market is estimated to be US$ 154549.5 billion by 2030 with a CAGR of 7.4% during the forecast period
