Budget information flows in two directions: up and down. The initial flow should be from the bottom of the tissue to the top. The person responsible for income or expenses should create budget data to measure final performance. Once budget data is communicated to upper management, higher-level management should review the budget for consistency with the overall goals of the organization and the plans of other departments within the organization. All issues should be resolved through discussion between the person who created the budget and their manager.
All levels of the organization should be involved in the budgeting process, not just management and accounting. Lower levels are generally familiar with detailed day-to-day operational data and therefore have primary responsibility for formulating budget details. The top management level should have a better overview of the company's strategy.
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Answer:scannable resume D
Explanation:
The answer is scannable resume.
Answer: I think the answer is D).
Explanation: All you have to do is show them your seat and tell them to sit down and wait politeley.
Net Operating Income on Year 2 will be lower than Year 1. The reason is the distribution of fixed production cost under absorption costing
<h3>What is
absorption costing?</h3>
Total absorption costing is an accounting cost method that includes the entire cost of manufacturing or providing a service. TAC includes not only material and labor costs, but also all manufacturing overheads. Each cost center's cost can be direct or indirect.
Insurance and rent are two examples. Absorption costing is an inventory valuation, which means it is a capitalized cost that is tracked on the balance sheet until the product is sold rather than a regular expense.
The finance manager can use the absorption costing formula (materials + labor + variable production overhead + fixed production overhead) (number of completed units) to estimate how much production expenses the company may incur.
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