A stretch budget is a budget that _________.
a. Crosses more than one responsibility center
b. represents a challenging, but achievable level of performance
c. Is impossible to implement in a cost center
d. Is designed to include the effects of exchange rate fluctuations
A stretch budget is a budget that represents a challenging, but achievable level of performance.
So Option b is correct answer.
A stretch budget is a budget that _________. a. Crosses more than one responsibility center b. ...
Budget changes that occur automatically during expansions and recessions: A. make economic fluctuations more pronounced than they would otherwise be. B. have no effect on economic fluctuations. C. make economic fluctuations less pronounced than they would otherwise be. D. All of these E. None of these
Problem 22.1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiane plant is responsible for all of that plant's costs other than her own salary The plant has two operating departments and one service department. The comper and trailer Operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages provides services equally to the two operating departments. A budget is prepared for each...
Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for each...
Saved Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for...
12. Key motivational factors in budgeting do not include a. Training in the budget process b. Correct identification of the blame for below budget performancse C The setting of fair, achievable standards The feedback of information 13. What is a flexible budget? a. A budget that does not change through the budget period b. A budget that shows a detailed of expected sales A budget that does not change as volume changers d.) A budget that adjusts for changes in...
eted, total fixed costs should be higher than expected. If activity is lower than o included in a flexible budget because they do not change when the level of activity 10 Which of the following statements is true? A. If activity is higher than expected, total fixed cos expected, total fixed costs should be lower than expected B Fixed costs should not be included in a flexible bu changes. A revenue variance is favorable if the actual revenue is greater...
There can be more than one correct answer. Hypophysiotropic hormones: A. released by the hypothalamus B. control the anterior pituitary C. control the posterior pituitary D. include TRH and CRH E. include TSH and ACTH
Match each form to the correct definition Terms a. Flexible budget b. Flexible budget variance c. Sales volume variance d Static budget e. Variance - Definitions 1. A summarized budget for several levels of volume that separates variable costs from foxed costs 2. A budget prepared for only one level of sales 3. The difference between an actual amount and the budgeted amount 4. The difference arising because the company actually earned more or less revenue, or incurred more or...
MANOVA requires: a.) The dependent variables to be heteroscedastic. b.) More than one outcome variable. c.) Sphericity. d.) A stricter significance level than ANOVA.
Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free’s Indiana plant, is responsible for all of that plant’s costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for each...