A budget usually refers to a department's or a company's projected revenues, costs, or expenses. A standard usually refers to a projected amount per unit of product, per unit of input (such as direct materials, factory overhead), or per unit of output. So the answer will be D.
The Expected result of a Management function is Evaluating (Controlling).
<h3> What do managers evaluate in the controlling function?</h3>
- The concept of management involves controlling and guiding personnel and resources within the organization.
- It includes planning, making decisions, motivating, leading, and carrying out different functions to achieve goals and objectives efficiently and effectively.
- The functions of management are interconnected, and differentiation between them is highly subjective. Therefore, they are non-linear.
- The control function assesses whether goals were achieved and is often used to evaluate the performance of employees, departments, and the organization as a whole.
- The measurement of performance can be done in several ways, depending on the performance standards, including financial statements, sales reports, production results, customer satisfaction, and formal performance appraisals.
- Managers at all levels engage in the managerial function of controlling to some degree.
- Controlling involves ensuring that performance does not deviate from standards.
- Controlling consists of three steps, which include (1) establishing performance standards, (2) comparing actual performance against standards, and (3) taking corrective action when necessary.
- Performance standards are often stated in monetary terms such as revenue, costs, or profits but may also be stated in other terms, such as units produced, number of defective products, or levels of quality or customer service.
To learn more about the Controlling management function, refer
to brainly.com/question/25922327
#SPJ4
If you write a prep list down, your 70% more likely to do it, so in conclusion it should make your work flow more smoother.
Answer: a. When inventory purchase costs are rising.
Explanation:
Last In First Out is an inventory stock valuation method where newer inventory is sold first and older inventory are sold last.
When a LIFO liquidation occurs, it means that the company has sold off its new stock and are now selling the older one.
This will lead them to have a lower cost of goods sold as the older stock is usually cheaper. If Inventory purchase costs are increasing in the market, then sales prices will have to increase as well. The company will sell at this new price but will still have that lower cost of goods sold.
This means that they would have more profits as a result which will lead to more taxes being charged on them.
Answer:
A. A balance sheet shows the total assets, liabilities, and owner's
equity at the end of the period
Explanation:
As we know that
The income statement recognized only the income earned and expenses incurred of an organization
While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity
So according to the given options, the option A is correct
hence, the rest of the options would be incorrect
