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: Budgets, Fixed Budgets and Flexible Budgets

A: Fixed Budgeting:The leased Institute of Management Accountants (UK) defines a hard and fast budget…

Q: For most organizations, a budget is the benchmark for evaluating actual performance. O True O False

A: Budget is the estimation of future data for the achievement of its goals and objectives.

Q: Which of the following is not considered a benefit of the budgeting​ process?   a. Gives managers…

A:

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: Explain what you understand by Budgets, Fixed budgets and Flexible budgets in the context of control…

A: Organizations produce budgets for a variety of purposes, including cost control, performance…

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: Which of the following is not a part of budgeting?A. planningB. finding bottlenecksC. providing…

A: Budgeting is an important process in management accounting. Budgets means estimates or forecasts…

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: master budget include

A: Master budget is a set of budgets of various activities in an entity.

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: 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: The Zero Base Budget (ZBB) is the budget system that most influences resource allocation management…

A: SOLUTION EXPLANATION IN TRADITIONAL BUDGETING , THE TOP MANAGEMENT TAKES THE DECISIONS REGARDING ANT…

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: The process of preparing a master budget ends with a review and analysis of the organization's…

A: The process of preparing a master budget typically ends with the presentation and approval of the…

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: indicate yes if it describes a potential benefit of budgeting orno if it describes a potential…

A:

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: Budgeting has a number of different purposes including: Planning; Control; Performance evaluation;…

A: A budgeting system helps an organization to plan and decide amount to be spent in a particular…

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: 1. The organizational process of budgeting performs several important functions. Which is true? A.…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

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…