0
What are the diferences between sunk costs historical costs and budget costs?
Wiki User
∙ 9y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
The similarities and differences between standards and budgets?
One similarity between standards and budgets is they are both predetermined costs. A major difference is that companies can report inventories using standard costs but not budget costs.
What is the difference between imputed costs and book costs?
Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.
The main difference a flexible budget and a static budget is that a flexible budget does not contain fixed costs true or false?
true
Why are historical costs irrelevant?
Historical costs are irrelevant because historical costs are sunk cost and no body can change any decision made in past so anything which can not be change due to underlying decision then that cost is irrelevant cost.
A statistic planning budget is suitable for planning and for evaluating how well costs are controlled true or false?
A static planning budget is suitable for planning and for evaluating how well costs are controlled.
What is the different between estimation and budget?
estimation is how much you think it would costs and budget is how much you decide it will cost after several estimations. budget is how much you can spend.
The similarities and differences between standards and budgets?
One similarity between standards and budgets is they are both predetermined costs. A major difference is that companies can report inventories using standard costs but not budget costs.
What is an expence budget?
An expence budget is how much something costs
Why does an organization have to control costs?
A budget
What is the difference between imputed costs and book costs?
Imputed costs do not appear in the historical cost accounting records for financial reporting. The actual cost incurred is recorder and is called a book cost.
Are Garmin GPS systems budget friendly?
Garmin's makes several GPS systems. The top three models according to Budget Travel are the Nuvi 3750 which costs $350, the Nuvi 250 which costs $120, and the Nuvi 3790T which costs $450. However, the Forerunner is also recommended and ranges between $200-250.
The main difference a flexible budget and a static budget is that a flexible budget does not contain fixed costs true or false?
true
What is a budget worksheet used for?
A budget worksheet is used for a way to sort out the funds you have against the costs. It allows one to have a educated guess to how much can be completed on a particular project against the total budget - the costs of materials and/or labour.
Why are historical costs irrelevant?
Historical costs are irrelevant because historical costs are sunk cost and no body can change any decision made in past so anything which can not be change due to underlying decision then that cost is irrelevant cost.
A statistic planning budget is suitable for planning and for evaluating how well costs are controlled true or false?
A static planning budget is suitable for planning and for evaluating how well costs are controlled.
What is an example of a recurring expense for a household budget?
An example of a recurring expense for a household budget is the rent or mortgage. Other examples are food costs, the phone bill and electricity costs.
What is budget realignment?
It's modifying your budget in line with your necessary costs and incoming revenue. It's best to check and tweek your budget on an annual basis.
