1.Budget helps to know the future results,
2.budgetary control technique helps to compare the estimated results with actual results.
3.budgeting focuses on standards or objectives.
4.budget helps subordinates to to compare their performance with budgetary standards and can do self appraisal.
5.through budgeting managers can allocate resources to departments according to their budgetary allocation.
6.budget help to improve coordination between various departments.
7.budgetary control helps to use the principle of management by exception by giving more attention to departments where actual operations and target deviate from budgetary standards.
The flexible budget report can be used to evaluate performance in two areas: production control and cost control.
The flexible budget report can be used to evaluate performance in two areas: production control and cost control.
production budgets are used to prepare which of the following budgets
ther is no need in an application. Just think. What do you need and what do you want. How much are you willing to spend? What is your wiggle room?(going a little over boad for something you want? Do rearch. What is the average price for the things you are looking for? --- If you really want to create a tangible budget application use a spreadsheet and set it so that you have a forecast budget and actual budget used - then you can report of the differential
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The flexible budget report can be used to evaluate performance in two areas: production control and cost control.
The Production Budget for Minority Report was $102,000,000.
The Production Budget for Observe and Report was $18,000,000.
how to develop budget
The flexible budget report can be used to evaluate performance in two areas: production control and cost control.
The purpose of the sales budget report is to ascertain what the year's budget status would have on the next year's anticipated budget. In order to anticipate what the next year's sales might be, one needs to find out what the last year's sales were.The purpose of the sales budget report is to help plan for the future. The budget can be used to control expenditure and increase revenue for the next financial year.
Flexible budget reports are another type of internal report. The flexible budget report consists of two sections: (1) production data for a selected activity index, such as direct labor hours, and (2) cost data for variable and fixed costs. The report provides a basis for evaluating a manager's performance in two areas: production control and cost control. Flexible budget reports are widely used in production and service departments.
The main difference is, budget is a planned activity to meet the targets whereas financial report is the one which shows the health/wealth of the organization.
how to prepare budget praparation and documents requirements
budget report
Yes-- The Office of Management and Budget reports to the President.
c. CBO