The five primary purposes of a budget are Select one: a. planning; allocating resources; facilitating communication...
Homework Answers
The five primary purposes of a budget are
D. Planning, allocating resources, facilitating communication and coordination, controlling profit and operations, and evaluating performance and providing incentives.
Add Answer to:
The
five primary purposes of a budget are
Select one:
a. planning; allocating resources; facilitating communication...
A budget ________. A) should force a manager to plan; promote coordination and communication; and provide...
A budget ________. A) should force a manager to plan; promote coordination and communication; and provide a benchmark for motivating employees and evaluating actual performance. B) is a strategic plan that should help a manager make effective plans instead of budgeting. C) fails to provide a benchmark to motivate employees and evaluate worker performance. D) promotes individualism instead of coordination and communication.
The budget committee consists of a. senior managers, including the CEO and CFO. b. representatives from...
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...
6. Short-term planning is often referred to as a. strategic planning. b. operational planning. c. goal-oriented...
6. Short-term planning is often referred to as a. strategic planning. b. operational planning. c. goal-oriented planning. d. external planning. 7. One purpose of controlling activities is to a monitor day-to-day operations to ensure that processes are operating as expected. b. translate long-term strategy into a short-term plan. c. perform variance analysis and prepare performance reports. d. translate short-term strategy into a long-term plan. 8. To help managers with their evaluations, managerial accountants often perform a. time tests. b. spot...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the Information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Planning Budget Results Variances Machine-hours 15,000 20,000 Variable costs: Supplies Зeкар Indirect materials $ 10.200 $ 10,e00...
Tab - erhead can be calculated as 3. The Standard Cost Driverage for vare Select one:...
Tab - erhead can be calculated as 3. The Standard Cost Driverage for vare Select one: a Split Cost Actual Application Mate b. Split Cost/Standard Application Rate Actual Cost / Standard Application rate d Standard Cost/Actual Application Rate e None of the above Caps Loch ht SS. Under estimating production levels will likely lead to Select one: a. Unfavorable flexible budget variances b. Favorable flexible budget variances C Unfavorable static budget variances d. Favorable static budget variances e. None of...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Variances Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget Machine-hours 35,000 40,000 Variable costs: Supplies $ 29,700 $ 32,000 Scrap 19,500 20,000...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. W...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget Machine-hours 15,000 20,000 Variances $ 9,300 $ 9,900 $ 600 F 32,200 34,500 2,300...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget 25,000 30,000 Variances Machine-hours $ 6,000 $ 16,800 54,200 6,600 $ 600 F 18,000...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Variances Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget Machine-hours 35,000 40,000 Variable costs: Supplies $ 29,700 $ 32,000 Scrap 19,500 20,000...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While...
Several years ago, Westmont
Corporation developed a comprehensive budgeting system for planning
and control purposes. While departmental supervisors have been
happy with the system, the factory manager has expressed
considerable dissatisfaction with the information being generated
by the system. A report for the company's Assembly Department for
the month of March follows: Assembly Department Cost Report For the
Month Ended March 31 Actual Results Planning Budget Variances
Machine-hours 15,000 20,000 Variable costs: Supplies $ 11,400 $
12,000 $ 600 F...
6. Short-term planning is often referred to as a. strategic planning. b. operational planning. c. goal-oriented planning. d. external planning. 7. One purpose of controlling activities is to a monitor day-to-day operations to ensure that processes are operating as expected. b. translate long-term strategy into a short-term plan. c. perform variance analysis and prepare performance reports. d. translate short-term strategy into a long-term plan. 8. To help managers with their evaluations, managerial accountants often perform a. time tests. b. spot...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the Information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Planning Budget Results Variances Machine-hours 15,000 20,000 Variable costs: Supplies Зeкар Indirect materials $ 10.200 $ 10,e00...
Tab - erhead can be calculated as 3. The Standard Cost Driverage for vare Select one: a Split Cost Actual Application Mate b. Split Cost/Standard Application Rate Actual Cost / Standard Application rate d Standard Cost/Actual Application Rate e None of the above Caps Loch ht SS. Under estimating production levels will likely lead to Select one: a. Unfavorable flexible budget variances b. Favorable flexible budget variances C Unfavorable static budget variances d. Favorable static budget variances e. None of...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Variances Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget Machine-hours 35,000 40,000 Variable costs: Supplies $ 29,700 $ 32,000 Scrap 19,500 20,000...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget Machine-hours 15,000 20,000 Variances $ 9,300 $ 9,900 $ 600 F 32,200 34,500 2,300...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget 25,000 30,000 Variances Machine-hours $ 6,000 $ 16,800 54,200 6,600 $ 600 F 18,000...
Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Variances Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget Machine-hours 35,000 40,000 Variable costs: Supplies $ 29,700 $ 32,000 Scrap 19,500 20,000...
Several years ago, Westmont
Corporation developed a comprehensive budgeting system for planning
and control purposes. While departmental supervisors have been
happy with the system, the factory manager has expressed
considerable dissatisfaction with the information being generated
by the system. A report for the company's Assembly Department for
the month of March follows: Assembly Department Cost Report For the
Month Ended March 31 Actual Results Planning Budget Variances
Machine-hours 15,000 20,000 Variable costs: Supplies $ 11,400 $
12,000 $ 600 F...
Most questions answered within 3 hours.
-
3) What are the typical social structures in a global city?
asked 1 hour ago -
Luther Corporation
Consolidated Balance Sheet
December 31, 2019 and 2018 (in $ millions)
Assets
2019
2018...
asked 1 hour ago -
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 4 hours ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 5 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 5 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 6 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 7 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 7 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 8 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 8 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 8 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 9 hours ago