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Why are some budgeted costs based on actual costs from the previous years?
Some budgeted costs are based on actual costs of the previous year, information from supervisors about where resources might be more efficiently used, and subjective judgments about how much should be allowed for resources.
What does a budgeted income statement consist of?
budgeted depreciation
How do you calculate the achievement when a loss is budgeted and actual loss is more than that?
To calculate the achievement when the actual loss exceeds the budgeted loss, you first determine the difference between the budgeted loss and the actual loss. If the actual loss is greater, it indicates a negative variance. The achievement can be expressed as a percentage of the budgeted loss, using the formula: Achievement = (Budgeted Loss - Actual Loss) / Budgeted Loss * 100. In this case, the achievement percentage would reflect a shortfall rather than a success.
How do you get budgeted sales?
Budgeted sales are estimated sales dependant on marketing research studies or past customer demands.
How would you describe a budgeted cost?
Budgeted costs are generally described as the best estimate about what should be allowed for forthcoming activity.
Fixed-overhead budget variance?
Fixed overhead budgeted variance is the difference between estimated budgeted cost and actual fixed overhead cost of production.
The actual expenses for the most recent fiscal quarter were 120 percent of budgeted expenses If the budgeted expenses were 7585 dollars then what were the actual expenses?
20.0 or .20
What is budgeted activity level?
four thousand rupees
What is favourable?
A favorable variance is the difference between the budgeted or standard cost and the actual cost. If the actual cost is less than budgeted or standard cost, it is a favorable variance.
What is favourable variance?
A favorable variance is the difference between the budgeted or standard cost and the actual cost. If the actual cost is less than budgeted or standard cost, it is a favorable variance.
How do you prepare a Budgeted Balance Sheet?
how to prepare a budget for a fundraiser
What is the past tense of budget?
The past tense of budget is budgeted.
