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Budgets promote efficiency and serve as a deterrent to waste?
A sales budget should be prepared before the production budget?
Explain the importance of budgetary control in any business?
as this quetions is related to budh«gets, I will start by explaining what a budgets is and then the importance of controlling it. A budget is a Plan which show how much money will be needed by a business and how that money will be used during a certain period. A budgetary control is process of comapring the actual expenditure with the budget amount for a certain periods. the diferences between them are called discrepancy or varinaces. Each department within a business is a llocated a budget and the concerned manager may possibly be held reponsible for any discrepancy on the budget. the discrepancy can be favourable or unfavourable but to ascertain wheter the discrepancy is favourable or not others aspects need to be taken into consideration. Budgetary control is importante in the sense that it allows to make sure that
What are advantages of keeping a budget?
Keeping a budget helps individuals track their income and expenses, promoting better financial awareness and control. It enables effective goal setting, allowing for savings towards future needs or desires, such as emergencies, vacations, or retirement. Additionally, a budget can prevent overspending and debt accumulation, fostering healthier financial habits and reducing stress related to money management.
How is the flexible budget information used to evaluate performance?
The flexible budget report can be used to evaluate performance in two areas: production control and cost control.
How is the flexible budget report information used to evaluate performance?
The flexible budget report can be used to evaluate performance in two areas: production control and cost control.
What are some of the important factors you would consider before allocating budget resources?
1. Allocate funds according to agreed priorities. 2. Discuss changes in income and expenditure priorities with appropriate colleagues prior to implementation. 3. Consult and inform all relevant personnel in relation to resource decisions. 4. Promote awareness of the importance of budget control. 5. Maintain detailed records of resource allocation in accordance with enterprise control systems.
What are the importance's of sales budget?
The importance of Sale Budget in a society
What was the Production Budget for Control?
The Production Budget for Control was $6,400,000.
What is the budget of E-Control?
The budget of E-Control is 10,000,000 euros.
What is a promotion budget?
A budget used to promote a certain product or service, to get consumers to be interested and buy it.
Why is the Sales budget the first budget to be prepared?
Budgets promote efficiency and serve as a deterrent to waste? A sales budget should be prepared before the production budget?
Budgets promote efficiency and serve as a deterrent to waste?
A sales budget should be prepared before the production budget?
What was the Production Budget for The Importance of Being Earnest?
The production budget for "The Importance of Being Earnest" was not publicly disclosed. However, it was a modestly budgeted film due to its focus on dialogue and performances rather than elaborate sets or special effects.
Why does an organization have to control costs?
A budget
Explain the importance of budgetary control in any business?
as this quetions is related to budh«gets, I will start by explaining what a budgets is and then the importance of controlling it. A budget is a Plan which show how much money will be needed by a business and how that money will be used during a certain period. A budgetary control is process of comapring the actual expenditure with the budget amount for a certain periods. the diferences between them are called discrepancy or varinaces. Each department within a business is a llocated a budget and the concerned manager may possibly be held reponsible for any discrepancy on the budget. the discrepancy can be favourable or unfavourable but to ascertain wheter the discrepancy is favourable or not others aspects need to be taken into consideration. Budgetary control is importante in the sense that it allows to make sure that
What is the importance of bio asphalt in union budget 2011-2012?
Bio-asphalt was mentioned in the Union Budget 2011-2012 as part of efforts to promote sustainable infrastructure development. Its importance lies in offering a more environmentally friendly alternative to traditional asphalt, reducing carbon emissions and promoting the use of renewable resources in road construction. The mention of bio-asphalt in the budget reflects a commitment to green technologies and sustainable development in the infrastructure sector.
What did the Congressional Budget and Impoundment Control Act of 1974 create?
Congressional Budget Office
