These are costs that change according to output .The costs change directly according to how many products are made .An example of this is a business producing footballs will have varying requirements for amounts of rubber, lead and valves depending on how many footballs it makes .
Standard costs are monitored as a basis for determining the extent to which expectations are realized.
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A static planning budget is suitable for planning and for evaluating how well costs are controlled.
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.
Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.
In what sense? Work? Personal finances?
Standard costs are monitored as a basis for determining the extent to which expectations are realized.
An expence budget is how much something costs
A budget
Two things mainly: 1. Costs can run out of control, causing organisations to spend more than they need to, run inefficiently, reduce their potential profit or at worst turn a profit into a loss 2. Budgets can be overstated and if an organisation actually spends less than it expects to in a particular area than those funds can be made available elsewhere in the business. If costs aren't monitored effectively such opportunities can be missed.
true
Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.
The Production Budget for What's the Worst That Could Happen? was $30,000,000.
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.
A static planning budget is suitable for planning and for evaluating how well costs are controlled.
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.
Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.