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Which budget is prepared without monetary amounts?
A budget prepared without monetary amounts is known as a "zero-based budget." This type of budget focuses on justifying each expense, starting from a "zero base," rather than adjusting previous budgets. It emphasizes the prioritization of activities and resource allocation based on needs and benefits rather than historical expenditures. This approach allows for a more strategic allocation of resources based on current objectives rather than past spending patterns.
What did the southern coloines base their economy on?
They based their economy on RICE.
What is zero based budgeting?
Zero-based budgeting is a method of budgeting where all the expenses have to be justified for each new period. This method starts with a zero base and all the functions in a company are analyzed for costs and needs.
Average amount for shoveling lawn service?
The costs for shoveling and lawn services are set by the area where they are performed. Each area has a different rate structure based on what the consumer base will support.
What is base effect in inflation?
When changes in the CPI in the base month have a considerable effect on twelve-month measured inflation, this is commonly referred to as a base effect. Base effects are therefore the contribution to changes in the annual rate of measured inflation from abnormal changes in the CPI in the base period.
What criteria are important in determining the choice of an allocation base?
When choosing an allocation base, it is important to consider factors such as the base's ability to accurately reflect the relationship between the cost being allocated and the allocation base, ease of understanding and application, availability of data for the allocation base, and the appropriateness of the base for the specific cost being allocated. Ultimately, the allocation base should result in a fair and reasonable distribution of costs among the cost objects.
Is cost allocation base a cost driver?
Yes, it is. When used for allocating costs, a cost driver is often called a cost-allocation base
What is departmentalisation of overhead?
Departmentalisation of overhead means allocation of overhead cost base on predertmined rate in case of absorption method and based in activities in case of activity based costing.
Is the selection of an appropriate cost allocation base more important for a single-stage cost allocation system than it is for a two-stage cost allocation system?
no
What allocation base might result in a cause and effect relationship?
Allocation base is critical in any relationship. For example in a country, if the resources are not allocated equally, it can affect the relationship between the regions or states making the country.
What is an infielders choice?
An Infielder's Choice is a fielding choice in which an infielder chooses to get an out at home plate, 3rd base or 2nd base rather than 1st base.
How do you determine multiple production department factory overhead rates?
To determine multiple production department factory overhead rates, first, identify the total overhead costs for each department and the appropriate allocation base, such as machine hours or labor hours. Next, gather data on the actual usage of the chosen allocation base for each department. Finally, divide the total department overhead costs by the total units of the allocation base to calculate the overhead rate for each department. This approach ensures that costs are accurately assigned based on the specific activities and resources utilized in each department.
Does the choice of the base change the area of the parallelogram?
The choice of the base of a parallelogram does change the area because the base is always the bottom line of parallelogram.
Which budget is prepared without monetary amounts?
A budget prepared without monetary amounts is known as a "zero-based budget." This type of budget focuses on justifying each expense, starting from a "zero base," rather than adjusting previous budgets. It emphasizes the prioritization of activities and resource allocation based on needs and benefits rather than historical expenditures. This approach allows for a more strategic allocation of resources based on current objectives rather than past spending patterns.
What should you base a company on?
What should you base a company on?....base...I think you anwered your own question. I company should be based on a product that has a high level of profitability. Something that if is used once by the consumer, they will have a strong urge to use again, something where our input goods are easily and cheaply attainable. base. Freebase Cocain is the answer. Base a company on base.
Why education should be skilled based rather than knowledge based?
Education should be skilled base as by this a child gets a chance to show its interests and abilities and can do better in exams.
How do I compute predetermined overhead rate as a percentage of direct labor costs?
Predetermined overhead rate = Est. total Manuf. Overhead Cost / Est. total amt of allocation base In this case, allocation base would be direct labor (as opposed to machine labor). Hope this helps
