1 Professor W. F. BENTZ Flexible Budgeting: Activity Rates FLEXIBLE BUDGETING Definition:--A flexible budget is a budget that is a function of one or more levels of activity. Thus, the budget depends on one or more measures of activity volume rather than being fixed in amount. Purpose:--The purpose of a flexible budget is to develop an estimate or estimates of cost for one or more levels of activity. Activity levels are typically measured in terms of activity inputs, levels
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improving the budgeting process and primarily focuses on the planning problems with budgeting. The other advocates abandoning the budget and primarily focuses on the performance evaluation problems with budgeting. This paper provides an overview and research perspective on these two recent developments. We discuss why practitioners have become dissatisfied with budgets, describe the two distinct approaches, place them in a research context, suggest insights that may aid the practitioners, and use
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off with a static budget. Static budget is created before the business period. For example, if business period is six months and production estimated 500 units during six months, then 500 units will be used as the basis for the static budget calculation. A flexible budget is prepared after the business period ends. This type of budget shows the business what the static budget should have been by using actual output figures from the budget period. For example, if the static budget covered the production
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Flexible Budget ACC 543 June 20, 2011 Flexible Budget In today’s business, a flexible budget helps plan for the future. This tool compiles expense, revenue, production, and cost data. The data produced from the flexible budget provides an organization with a tool for performance evaluation. This can assist management in determining the most profitable sales and production levels, in addition to determining fixed and variable costs. Examining how the flexible budget relates to fixed
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The flexible budget uses the same selling price and cost assumptions as in a original budget. Variable and fixed costs do not change categories. The variable amounts are recalculated using the actual level of activity, which in the case of the income statement is sales units. The important thing to remember in preparing a flexible budget is that if an amount, cost or revenue, was variable when the original budget was prepared, that amount is still variable and will need to be recalculated when preparing
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ACC 206 WEEK 4 DQ 2 FLEXIBLE BUDGETS NEW To purchase this visit here: http://www.nerdypupil.com/product/acc-206-week-4-dq-2-flexible-budgets-new/ Contact us at: nerdypupil@gmail.com ACC 206 WEEK 4 DQ 2 FLEXIBLE BUDGETS NEW Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget? Guided Response: Review your peers’ posts and
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Flexible Budgets ACC/240 Risy Morales A flexible budget is a budget that allows varies degrees of activity. Flexible Budgets are able to detect the different type of outcomes to each individual situation, or in other words reports based out of statistics. Its calculations will show an estimated income, based on what expenditures are allowed for units sold and produced. The steps to developing a flexible budget are: 1. Identify the activity index and the relevant range
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ACC 206 WEEK 4 DQ 2 FLEXIBLE BUDGETS NEW To purchase this visit here: http://www.nerdypupil.com/product/acc-206-week-4-dq-2-flexible-budgets-new/ Contact us at: nerdypupil@gmail.com ACC 206 WEEK 4 DQ 2 FLEXIBLE BUDGETS NEW Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget? Guided Response: Review your peers’ posts and
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Master and Flexible Budgets ACC/543 January 28, 2013 Thomas Benscoter MEMORANDOM Date: January 28, 2012 To. Guillermo Furniture Company From: Ashley Lee, Ebony De La Torre, Janelle Durham, Misha Cross ------------------------------------------------- Re: Master and Flexible Budgets
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communication can also refer to how a company shares information to promote its product or services to potential consumers. (WebFinance, 2013) Communication plays a critical role in student’s on-line day to day activities. A on-line student has to be flexible to balance school and family. Some of the flexibility options allow you to work anytime and anywhere. You are able to make your own schedule and incorporate it into your daily routine. The University of Phoenix requires you to participate four days
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