The traditional line-item budget results in which of the following benefits?   Appropriations are flexible to allow for the achievement of desired outcomes.   Accountability and responsibility are easily assigned.   The long timeframe allows for decision-making and planning.   Costs of defined activities are identified.

Q: better system for performance analysis?

A: A flexible budgeting system is a type of budgeting which is based on various sales volumes and it…

Q: Discuss some of the major benefits to be gained from budgeting.

A: Budget:   A budget is a statement of estimated revenues and expenditures for a specific period of…

Q: Describe the benefits of preparing a budget to an organization

A: Budget means what is required to be done compair it actual to what is actually happned in other…

Q: Explain the value of utilizing a balance sheet to make a budget adjustment. What is the danger?

A: The budgeted balance sheet is usually prepared at the start of the fiscal year. The organization…

Q: Multiple Choice gives management flexibility in terms of meeting budget goals. is preferred over a…

A: Flexible budgets reflect a company's anticipated costs based on variations activity levels. Flexible…

Q: Kaizen Costing Required: 1. Recommend to management an AIS system diagram presenting the Budget…

A: Kaizen costing represents a cost management approach centered on continuous improvement. It involves…

Q: The objectives of budgeting are: a) establishing specific goals for future operations b) executing…

A: Budget means the expected value for future. Budget is prepared for future and actual value is…

Q: Discuss why the production quantities that are prescribed in the production budget should be…

A: The sales budget is prepared to ascertain the projected sales during the coming period, on the basis…

Q: What budgeted amounts appear on the flexible budget report? O Actual costs for the budgeted activity…

A: A budget may be prepared as a static budget or a flexible budget. The static budget is prepared at…

Q: Matching Question: Match the following cost accounting objectives with their corresponding…

A: The question is related to Matching the correct cost accounting objectives.

Q: The "Budget" column of a flexible budget report reflects: budgeted costs at the budgeted level of…

A: Solution Concept Flexible budget Flexible budget is a budget which is prepared by changing the…

Q: Activity-based budgeting focuses on estimating the costs of activities rather than the costs of…

A: Activity-Based BudgetingABB is a budgeting strategy that focuses on identifying and arranging…

Q: Partial budget considerations, in addition to economic profitability include: A.   Additional risk…

A: Introduction: Budgeting is a collection of tasks done to plan a budget. A budget is a quantitative…

Q: Q.Describe the steps in developing a flexible budget.

A: Flexible Budget: A flexible budget is a financial plan prepared for a particular period of time on…

Q: 1. Match cach of the following terms with the appropriate definition. The difference between actual…

A: Different techniques of cost Analysis Importance of cost analysis in the organisation to determine…

Q: Understand commonerrors made in preparingp erformance reports based on budgets and actual results.

A: Budget:   A budget is a statement of estimated revenues and expenditures for a specific period of…

Q: Which of the following statements is the intended goal or outcome of a traditional line-item budget?…

A: A traditional line-item budget is a type of budget format that presents the financial information by…

Q: Define Zero Base Budgeting. What are the steps involved in this?

A: The company prepares the budget to make a plan for how the money is spent. Budgeting is very…

Q: Briefly tell how Program Based Budgeting (PBB) interface with the GIFMIS?

A: SOLUTION- Program-Based Budgeting is a budgeting tool where all budgetary information is organized…

Q: When an organization allocated indirect costs to departments by relative size of the budgets, it is…

A: The question is True or False.

Q: Describe the steps in developing a flexible budget.

A: Flexible Budget: Flexible budget is a financial plan prepared for a particular period of time on…

Q: balance criteria in budgeting?

A: while making balance criteria in budgeting i always follow these steps; Establish your budgetBefore…

Q: Describe how nonoutput-based cost drivers can be incorporated into budgeting.

A: Budget: The budgeting is a process of preparing budgets and the evaluation of it to see whether the…

Q: How flexible budget through performance reporting is help for the management in determination of…

A: Budgeting refers to preparation of  estimated financial data using the past records. Flexible budget…

Q: benefits and any limitations of using budgets and the extent to which they can help identify…

A: Benefits of Using Budgets 1. Helps to motivate and direct employees: Budgets can be used to set…

Q: Critically discuss how organisations develop cumulative budgeted costs.

A: Organizations allocate resources to many departments and projects to create cumulative budgeted…

Q: Which of the following elements are used in calculating Costs in a Flexible Budget?   a. Budgeted…

A: The flexible budget performance report is prepared to compare the actual data with flexible Budget…

Q: I would like to apply case to prepare profit and loss budget

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: Out of the following options please tell me which are two dimensions or the main aspects of…

A: Budgeting is the process of making a plan for how person or organization will spend the money. A…

Q: Foster the planning of operations, provide a framework for performance evaluation, and promote…

A:

Q: The budgeting process can uncover potential___________________ before they occur.

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…