Budgeting provides the framework for:
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Answer:- Budgeting provides the framework for: Planning and control.
Explanation:-The main aim to adopt budgeting framework to make a proper planning towards their long term mission & vision & also control those activities in effective and efficient manner.
Budgeting provides the framework for: a. Planning and control. b. Delegating authority to managers. c. Process...
___________ refers to the process by which managers decide individual job tasks and authority. A. control charting B. job design C. task design D. process design
Planning and Control- Budgeting Management and cost accounting requires the accumulation of costs for a number of different purposes, i.e. stock valuation and profit measurement, decision making and planning and control. The budgeting process has been traditionally used to plan an organisations’ activities into the future. A budget can be described as an approved financial plan, reflecting expectations for a defined, future period of time. Budgets also serve an as important framework for performance evaluation and control by holding individuals...
According to the manufacturing framework, what is the immediate preceding process that provides input for the MPS process? Select one: a. MRP b. S&OP c. Demand Management d. Aggregate Planning
Break-even analysis provides a framework for understanding interrelationships between: 2. (1 mark) Fixed costs, Direct costs, Variable costs, Sales volume b. Variable costs, Fixed costs, Sales volume, Selling prices Sales volume, Sunk costs, Variable costs, Fixed costs d. Opportunity costs, Fixed costs, Sales volume, Selling prices a. 67 C. The torywbich.refers to management being held responsible for those items, and only thos
Planning and control are a) flexible management tools b) steps in decision making process c) aid in achieving an organizational tools d) all of these answers are correct
The budget committee consists of a. senior managers, including the CEO and CFO. b. representatives from the stockholders and suppliers. c. a company's stockholders. d. all employees interested in providing input to the budgeting process. 1 points Question 2 Which of the following is not typically a part of the master budget? a. Direct material purchases budget b. Performance report budget c. Projected cash receipts and disbursements d. Budgeted balance sheet 1 points Question 3 Managers may be tempted to...
In a responsibility accounting system: A. Managers are responsible for their departments' controllable costs. B. Each accounting report contains all items allocated to a responsibility center. C. Organized and clear lines of authority and responsibility are only incidental. D. All managers at a given level have equal authority and responsibility. E. Outputs of the departments are not part of the evaluation process. Decentralization refers to the delegation of decision-making authority to O A. top management OB. superiors. board of directors....
Managers should use budgets for which a) Planning b) Operating c) Staffing d) Controlling e) All four
A. Process capability (acceptance sampling) is: B. A process is out of control/ or in control when: C. When does productivity increase/ decrease? D. What action should be taken if a plotted value falls below the lower control limit on a process control chart? E. What are some implicit/ explicit components of a service delivery system? F. Each day for two workweeks (10 days total), George weighs x bags from that day’s production. If the average of the means is...
24. Which of the following is an advamtags of the budtin B) Budgeting provides a benchmark or pertoman C) Budgeting improves communication and D) all of the above. E) A and B above. provides resource alocation 25. Smith Manufacturing has 27,000 labor hours available for following information: produding XwY.C Required labor time per unit (hours) Maximum demand (units) 6,000 800 $5.00 $6. Contribution margin per unit If Smith follows proper managerial accounting practices, which of the folowing schedules should the...