Budgeting and Forecasting

8

Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.

It's the practice of finding the value of a company.

actual budget/budget = variance%

how to calculate budget variance percentage?

objectives of capital budgeting

60%

I hold the title of Accounting Assistant. I am responsible for input of Accounts Payable, Accounts Receivable, and customer Billings; maintenance of the Accounting Database; some light auditing; and pretty much anything dealing with those items along with other miscellaneous tasks. My superior is responsible for the financial reporting and payroll. Hope this answers your question.

What is the average cost of electricity per month for a small business?

144

No.

immmigration-emmigration=net migration

selling expenses is a mixed costs. it is a mixture of both fixed and variable components.

for example, in selling expenses in a retail shop; fixed costs are the employees salary. while variable cost will be their commission or bonus of the sale.

Could you demonstrate on how to record transactions

B. constant marketing

Algebraic sum of Inflows plus outflows, excluiding dividends and loans drawdown or repayment.

Having a budget means you can keep track of your finances easier. Recording what you spend, how much and when means you can track patterns of spending and work towards saving better.

The functions of an engineering department vary depending on what business you are in. Most engineering departments are also maintenance departments for large businesses or hotels. In a factory, the engineering department makes sure everything runs smoothly.

Well Known Ports (Numbers 0 to 1023) - These numbers are reserved for services and applications. They are commonly used for applications such as HTTP (web server) POP3/SMTP (e-mail server) and Telnet. By defining these well-known ports for server applications, client applications can be programmed to request a connection to that specific port and its associated service.

unadjusted will not have your final entries for that period. some of those entries may be accrued revenues or expenses, depreciation, and balancing entries.

the adjusted balance is your final balance after all adjustments are made.

Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.

The manufacturing overhead budget show the expected manufacturing over head costs for the budget period. The budget distinguishes between variable and fixed overhead costs. Companies fluctuate with production volume on the basis of the following rates per direct labor hour: indirect materials $1.00, indirect labor $1.40, utilities $0.40, and maintenance $0.20. Thus, for 6,200 direct labor hours budgeted indirect materials are $6,200 (6,200 x $1), and budgeted indirect labor is $8,680 (6,200 x $1.40). The company recognizes that some maintenance is fixed. The amounts reported for fixed cost are assumed.

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