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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 .
What else can I help you with?
What is achieved by monitoring standard costs?
Standard costs are monitored as a basis for determining the extent to which expectations are realized.
The main difference a flexible budget and a static budget is that a flexible budget does not contain fixed costs true or false?
true
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 the benefit of an operating budget?
Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.
What would happen if the business costs and budget are not monitored?
In what sense? Work? Personal finances?
What is achieved by monitoring standard costs?
Standard costs are monitored as a basis for determining the extent to which expectations are realized.
What is an expence budget?
An expence budget is how much something costs
Why does an organization have to control costs?
A budget
What can happen if costs not monitored in a business?
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.
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 an operating budget is .?
Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.
What was the Production Budget for What's the Worst That Could Happen?
The Production Budget for What's the Worst That Could Happen? was $30,000,000.
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.
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 the benefit of an operating budget?
Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.
