what is budgetary slack? Why might managers try to build slack into their budgets?
what is budgetary slack? Why might managers try to build slack into their budgets?
Homework Answers
Answer:
Budgetary slack is when a manager intentionally underestimate expected revenues or overstates expected expenses.they do this to increase the chance that their actual performance will be better than the budget and then they will receive a good evaluation.
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what is budgetary slack? Why might managers try to build slack
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Budgetary Slack with Ethical Considerations Karen Bailey was promoted to department manager of a production unit...
Budgetary Slack with Ethical Considerations Karen Bailey was promoted to department manager of a production unit in Parkway Industries three years ago. She enjoys her job except for the evaluation measures that are based on the department’s budget. After three years of consistently poor annual evaluations based on a set annual budget, she has decided to improve the evaluation situation. At a recent budget meeting of junior-level managers, the topic of budgetary slack was discussed as a means to maintain...
(300 words please) Since budgets affect many people in an organization, they can have significant behavioural...
(300 words please) Since budgets affect many people in an organization, they can have significant behavioural implications. Allowing people to participate in setting their own budget targets may improve commitment those targets but create the incentive to build budgetary slack into budget estimates. Explain three disadvantages of budgetary slack from the point of view of The business unit managers who must achieve the budget Corporate management
Answer all questions DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost...
Answer all questions
DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation Ron, the budgeting and standards supervisor and Jennifer's superior in the accounting department Jennifer has been working on next year's budgets for some of the division's products. After Ron looked over her work, he called her into his office. Ron: "Jennifer, the budgets look pretty good, except that your estimates of materials costs seem too low." Jennifer:...
Answer all questions DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost a...
Answer all questions
DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation Ron, the budgeting and standards supervisor and Jennifer's superior in the accounting department Jennifer has been working on next year's budgets for some of the division's products. After Ron looked over her work, he called her into his office. Ron: "Jennifer, the budgets look pretty good, except that your estimates of materials costs seem too low." Jennifer:...
Answer all questions DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in...
Answer all questions
DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation Ron, the budgeting and standards supervisor and Jennifer's superior in the accounting department Jennifer has been working on next year's budgets for some of the division's products. After Ron looked over her work, he called her into his office. Ron: "Jennifer, the budgets look pretty good, except that your estimates of materials costs seem too low." Jennifer:...
Answer all questions DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in...
Answer all questions
DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation Ron, the budgeting and standards supervisor and Jennifer's superior in the accounting department Jennifer has been working on next year's budgets for some of the division's products. After Ron looked over her work, he called her into his office. Ron: "Jennifer, the budgets look pretty good, except that your estimates of materials costs seem too low." Jennifer:...
Ethics and budgetary slack
G company, publicly held corporation, operates a regional chain of large drug stores. Each drugstore is operated by a general manager in a controller. The general manager is responsible for the day-to-day operations of the store, while the controller is responsible for the budget and other financial tasks. The general manager, Tracey Kappan, has been at G Company for several years. Employee turnover is high at G company, just as it is in the retail industry in general. Kappan just...
What is a flexible budget? What types of organizations might use flexible budgets? Why are flexible...
What is a flexible budget? What types of organizations might use flexible budgets? Why are flexible budgets useful?
What is the difference between "outsourcing" and "offshoring?" Why might this difference be important to managers?
What is the difference between "outsourcing" and "offshoring?" Why might this difference be important to managers?
Explain how to determine the slack for each activity in a project. Why is it important...
Explain how to determine the slack for each activity in a project. Why is it important for managers to know where the slack is in their projects?
Answer all questions
DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation Ron, the budgeting and standards supervisor and Jennifer's superior in the accounting department Jennifer has been working on next year's budgets for some of the division's products. After Ron looked over her work, he called her into his office. Ron: "Jennifer, the budgets look pretty good, except that your estimates of materials costs seem too low." Jennifer:...
Answer all questions
DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation Ron, the budgeting and standards supervisor and Jennifer's superior in the accounting department Jennifer has been working on next year's budgets for some of the division's products. After Ron looked over her work, he called her into his office. Ron: "Jennifer, the budgets look pretty good, except that your estimates of materials costs seem too low." Jennifer:...
Answer all questions
DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation Ron, the budgeting and standards supervisor and Jennifer's superior in the accounting department Jennifer has been working on next year's budgets for some of the division's products. After Ron looked over her work, he called her into his office. Ron: "Jennifer, the budgets look pretty good, except that your estimates of materials costs seem too low." Jennifer:...
Answer all questions
DOLLLILLIOLI Budgetary Slack Topic: Budgeting/Standard Setting Characters: Jennifer, a cost accountant working in a manufacturing division of a large corporation Ron, the budgeting and standards supervisor and Jennifer's superior in the accounting department Jennifer has been working on next year's budgets for some of the division's products. After Ron looked over her work, he called her into his office. Ron: "Jennifer, the budgets look pretty good, except that your estimates of materials costs seem too low." Jennifer:...
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