Top down/bottom up budgets, lack of control, poor inventorying, lack of staff investment, over control are the least effective financial management practices in creating and monitoring an operating budget.
The operating budget includes the expenditures and revenues generated by the company's daily business functions. The operating budget focuses on operating expenses, such as the cost of goods sold in the market, also known as the cost of sold goods (COGS), and revenue or income. COGS is the cost of direct labor and direct materials used in the production process.
The operating budget also includes overhead and administration costs that are directly related to manufacturing goods and providing services. However, capital expenditures and long-term loans will not be included in the operating budget. Budgets for sales, production process or manufacturing, labor, overhead, and administration are a few examples of frequently utilized operating budgets.
Learn more about operating budget here:
brainly.com/question/14346551
#SPJ4
Not the place to be asking but at this point they are pretty well known.
Answer:
d. This cannot be determined from the given information
Explanation:
To find the average revenue of 200 units it is necessary to know the total units. However, the function of the marginal revenue is not given. It is impossible to infer the marginal revenue (price) of other units (of output) only from knowing the marginal revenue of the 100th unit.
Scarcity exists when there are limited resources available to satisfy all the competing uses.
<h3>What is scarcity?</h3>
When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity. For example, in deserted regions there is a scarcity of water.
Hence, the significance of scarcity is aforementioned.
Learn more about scarcity here:
brainly.com/question/13186252
#SPJ1
Answer:
K1 has contribution of $15.40 per pound
S5 has contribution of $8.50 per pound
G9 has contribution of $11.70 per pound
Explanation:
The contribution per pound of each can be computed by first of all calculating contribution per unit of each of the products produced by Childress company,then dividing each contribution per product by the number of pounds of direct materials used by each product as shown below.
K1 S5 G9
Selling price $158.38 $114.80 $204.52
variable costs ($86.00) ($91.00) ($139.00)
Contribution per product $72.38 $23.80 $65.52
Material usage in pds 4.7 2.8 5.6
Contribution margin per pd $15.40 $8.50 $11.70
