Prepare a budget report based on flexible budget data to help Joe -хpenses.)

Briefly (5-10) lines) give a written amswer to the following question: What function does an annual budget serve as a part of a company's performance measurement system and how can a budget be used to encourage goal congruence (or 'alignment')?

An internal report that helps management compare actual performance and budgeted performance based on actual activity level is called aln): Multiple Choice Static budget performance report. Master budget performance report Fiexible budget performance report. Sales budget performance report. Operating budget performance report

The objectives of budgeting are to:a. Establish specific goals for future operations b. Execute plans to achieve the goalsc. Measure performance by periodic comparison of actual with budgeted results d. All of the above

Which of the following budgets provides data for different levels of sales volume? Group of answer choices Static budget Flexible budget Sales budget Master budget

1. Explain how operating budgets are prepared. 2. Explain the importance of preparing an operating budget.

How do you maintain accurate and complete reporting of a budget? And how do you set up guardrails for a budget?

Matthew is concerned about his ability to save money regularly and has prepared a budget. Which of the following budget classifications would be most appropriate for Matthew's budget?   a. Savings as a variable expenditure     b. Savings as a fixed expenditure     c. Saving whatever may be left over     d. Savings withheld from income and deposited directly to savings