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If you have actual how do you get flexible budget?
Flexible budgets are prepared for different capacity levels like normal capacity, optimistic capacity and pesimistic capacity based on actual budgets.
Is it best to choose an activity measured in dollars when choosing an acitivy measure for flexible budgets?
The activity base should not be expressed in dollars or other currency. For example, direct labor cost is usually a poor choice for an activity base in flexible budgets. Changes in wage rates affect the activity base but do not usually result in a proportionate change in overhead. Therefore, it is normally best to use physical, rather than financial, measures of activity in flexible budgets..Answer - NO
What is the disadvantages of cash budgets?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
What is the disadvantage of budgeting?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
Who uses a Static Budgets?
Static budgets are primarily used by organizations with fixed costs and stable operations, such as non-profit organizations, government agencies, and small businesses. They are also common in industries where expenses do not vary significantly with production levels, allowing for straightforward financial planning. However, static budgets can be less effective in dynamic environments where costs and revenues fluctuate frequently. As a result, they may be supplemented with flexible budgets for more adaptive financial management.
What are fixed and flexible budgets?
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If you have actual how do you get flexible budget?
Flexible budgets are prepared for different capacity levels like normal capacity, optimistic capacity and pesimistic capacity based on actual budgets.
What is a major weakness of partnership?
a major weakness of a partnershipis
What is the major weakness of a partnership?
a major weakness of a partnershipis
Is it best to choose an activity measured in dollars when choosing an acitivy measure for flexible budgets?
The activity base should not be expressed in dollars or other currency. For example, direct labor cost is usually a poor choice for an activity base in flexible budgets. Changes in wage rates affect the activity base but do not usually result in a proportionate change in overhead. Therefore, it is normally best to use physical, rather than financial, measures of activity in flexible budgets..Answer - NO
What is the disadvantages of cash budgets?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
What are major services performed by public accountants?
Bookkeeping, mergers, and budgets
What is the major weakness of television today?
obesity
What was a major weakness of the article of conderation?
war
What are major strengths and weakness of a professor?
Major strengths and weakness of a professor vary from each person. Often professors have taught in a field but haven't had hands on experience that can be related to the students. This is a weakness. A strength is that the professors are very knowledgeable.
What is the major weakness of a laboratory-based study?
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What is the disadvantage of budgeting?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
