扫码查看暗号，即可获得解锁答案！

在此输入暗号

点击获取答案

Chapter15Budgeting

Budget and forecast

A forecast is a prediction of what is expected to happen,a budget is a quantified, formal plan that the organisation is aiming to achieve.

多做几道

Explain what is meant by standard costing

Explain what is meant by a standard cost

Describe four types of standard.

Explain what is meant by a standard hour.

Give five possible sources of information from which a standard materials price may be estimated.

最新试题

该科目易错题

该题目相似题

How would a clothes retailer classify the following costs?Cost Materials Labour ExpensesDesigner skirts Heating costs Depreciation of fixtures and fittings Cashier staff salaries
The following data relate to two output levels of a department:Machine hours 17,000 18,500Overheads $246,500 $251,750What is the amount of fixed overheads? $ O
P Harrington is a golf ball manufacturer. Classify the following costs by nature {direct or indirect) in the table below. Cost Direct IndirectMachine operators wages Supervisors wages Resin for golf balls Salesmen's salaries
Explain what is meant by a flexible budget
What would an adverse materials price variance and a favourable materials usage variance indicate and what might this be caused by?
Explain briefly the possible causes of(i) A favourable material usage variance(ii) A favourable labour rate variance(iii) An adverse sales volume contribution variance.
A balanced scorecard measures performance 什om four perspectives: customer satisfaction, growth, financial success and process efficiency. Briefly explain these processes.
Discuss one potential problem that might be experienced as a result of using ROI to appraise the performance of the divisions.Recommend one alternative performance measure that could be used to address this problem.
Explain why it might be preferable for Managers not to be involved in setting their own budgets when meeting the budget is used as a basis for performance measurement.
Explain the meaning of the term 'critical success factors' in a business giving examples of such factors.