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marshall27 [118]
3 years ago
10

Flexible budgets and variance analysis are very useful tools for managers, but are sometimes difficult to understand. Find an on

line resource that helps you to better understand using budgets and variances to inform decision making. Provide a link to the resource, and briefly explain how this resource has helped you and why you would recommend it to your classmates. Participate in follow-up discussion by asking questions about the resources provided or commenting upon your classmates' posts. Explain why the resources presented were or were not helpful for you.
Business
1 answer:
Anettt [7]3 years ago
5 0

Answer:

Flexible budgets: These type of budgets are assessments, which may vary with the capacity or production for a given period.

Say for model there might be two type of budgets which bend with two or three situations of fabrication volume or production. The situations might be:

1. Budget when fabrication is at highest volume, the revenue and expenditures at the utmost output.

2. Budget when there is prime capacity, the revenue and expenditures valued at the optimal application of resources to produce optimal productivity or satisfactory output.

3. Budget when there is low capacity or demand is nearly nil, the revenues and expenditures that will be valued.

This flexible budget guides administration to appropriately plan their resources and flex with the capacity whenever it’s required subject the change in situations.

Variance Analysis: The investigation of deviance of several cost restriction with the usual set in at the start of the year results in Variance Analysis. There are several types of modifications which needs analysis and these will be diverse with the business type. The below are few common instances of modifications.

Sales capacity variances, sales combination variances, Material value variances, labor proportion variances, machine dependent price variances, overheads expenditure variances, Material procedure, Material Amount, Material replacement, labor and engine time variances etc.

These will help the administration to comprehend practically how precise the values set in for a given period of time.

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What is one way a market economy affects the lives of private citizens
vovikov84 [41]

Freedom of individual choice is possible to the extent that the market provides options for work, developing a business, and purchasing goods and services (so long as you can afford them).

Hope this helps :)

3 0
3 years ago
true or false An agent may continue to represent the principal even after the agency relationship is terminated.
Annette [7]

Answer:

False

Explanation:

Agency refers to a kind of agreement wherein the first party, known as the Principal confers a right on the second party, called an agent, to act on his behalf or as per his directions.

It establishes a fiduciary responsibility i.e that of a legal trust between the parties.

Once the agency agreement is terminated, the relationship between a principal and an agent ceases. Thereafter, the agent cannot continue representing the principal and if he does, he shall be held personally liable for such acts which result into any damage or loss to a third party.

7 0
3 years ago
While establishing an overall picture of process output over time, the team plots a chart based on the data available. The plott
kvv77 [185]

Answer: None of the answers

Explanation:

The options to the question are:

A) The control limits are too tight

(B) The control limits are acceptable

(C) The control limits are too loose

(D) None of the answers.

According to the seven run rule, a process is out of control in a control chart in a situation whereby there are seven consecutive data points that all fall on same side of mean. In such case an adjustment has to be made.

In the scenario in the question, none of the answers will be chosen because there has been a violation of the seven run rule as the answers provided are all incorrect.

5 0
3 years ago
The adjusting entry to account for use of supplies consists of a: Multiple Choice debit to Supplies Expense and a credit to Supp
barxatty [35]

Answer:

debit to Supplies Expense and a credit to Supplies

Explanation:

The adjusting entry to use the supplies is shown below:

Supplies expense Dr XXXXX

           To Supplies XXXXX

(Being the supplies is adjusted)

For recording the adjusting journal entry, we debited the supplies expense and credited the supplies so that the proper posting could be done

Hence, the first option is correct

3 0
3 years ago
Anyone ? I need help
lozanna [386]

Answer:

a lender pays off your existing loans with a new one at a lower interest rate.

Explanation:

5 0
2 years ago
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