a) Discuss the following as used in budgeting i. Padding ii. Budgetary slack iii. Zero-based budgeting

Q: What are the advantages and disadvantages of bottom-up budgeting process? What is budgetary slack?…

A: Bottom-up Budgeting Process It is a budgeting method that starts at the department level and moves…

Q: Budgets, Fixed Budgets and Flexible Budgets

A: Fixed Budgeting:The leased Institute of Management Accountants (UK) defines a hard and fast budget…

Q: 4. The following are characteristics of an effective budget, EXCEPT: A. Goals should be attainable.…

A: Hi student Since there are multiple question, we will answer only first question.

Q: All of the following are necessary for budgets to be effective except Select one: a. Employees…

A: Budget is an estimation of future expenses and income of an organization.  Budget helps organization…

Q: Which of the following statements is false? Select one: a. According to responsibility accounting,…

A: The appropriate statements are chosen as per their accuracy and correctness.

Q: ?Which of the following statements is false about budgeted income statement and budgeted balance…

A: Budgeted income statement shows budgeted revenue and budgeted expenses of the business and at the…

Q: A fixed budget is: Select one: a. A budget for fixed costs b. A budget for fixed assets c. A budget…

A: Given: A fixed budget is: Select one: A budget for fixed costs A budget for fixed assets A budget…

Q: 1(a)  "Accounting plays a relatively unimportant role in budgeting." Do you agree? Explain.  (b)…

A: 1 (a) “Accounting plays a relatively unimportant role in budgeting” this statement is not correct…

Q: Help question 11

A: A budget means a financial plan. Budgeting is a process to prepare and communicate certain broad…

Q: Which of the following is true of a budget? O A. Budgets help managers to revise their plans and…

A: Introduction: Budget: Budget means an estimation for future period with past period data. Branches…

Q: indicate yes if the item is an important budgeting guideline orno if it is not. Goals in a budget…

A: Budgeting: Budgeting is a very important process in managing the future financing affairs of a…

Q: A. Differentiate between traditional budgeting and zero base budgeting.  B. Recommend one of these…

A: Budgeting refers to making an estimation for the revenue and expenses to be incurred in a specific…

Q: The Zero Base Budget (ZBB) is the budget system that most influences resource allocation management…

A: SOLUTION EXPLANATION IN TRADITIONAL BUDGETING , THE TOP MANAGEMENT TAKES THE DECISIONS REGARDING ANT…

Q: The accountant perspective of the budget views the budget as a rational decision-making tool? True…

A: Budgeting is the process of estimating the profitability, business requirements like production…

Q: 1. Explain the concept of responsibility accounting and its relation with budgeting.

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: Define the term Budget, Budgeting, Budgeting Control and explain the advantages and limitations of…

A: Preparation of budget is an important activity under the purview of costing techniques followed.…

Q: 'Budgeting has a number of different purposes including: Planning; Control; Performance evaluation;…

A: Budgeting is a process to prepare the financial statement by the manager to estimate the…

Q: Why is it important to have a fair, balance criteria in making budge

A: Budgeting model is the model which establish the budget for business where it match the actual…

Q: Which of the following statements is false? (You may select more than one answer.)a. A flexible…

A: A flexible budget is: Used for control purpose. Prepared at the end of the period. A static budget…

Q: ting and zero-base budgeting And Recommend one of these budgeting methods to Pearson & Litt and…

A: Difference between traditional budgeting and zero-based budgeting:

Q: Which of the following statements is incorrect concerning budget​ preparation?   A. The rolling…

A: The process followed to make future estimates for revenue, expenses, purchasing and cash…

Q: s the uses and adv

A: Answer 1) Budget: Estimation of income and expenses of a Corporation for a particular set of…

Q: What behavioral problems are associated with setting a budget too loosely

A: Budget:   Budget is an effective tool to present the estimated actions for future time period. It…

Q: Which of the following is NOT true of the budgeting process?   Question 8 options:   Budgeting…

A: Solution Concept Budgeting process is the process of estimating the income and expenditure of the…

Q: he objectives of budgeting are to: a. Establish specific goals for future operations b. Execute…

A: A budget is an estimation to determine the income that will be earned and expenses that will be…

Q: 1.Discuss the uses and advantages of budget.

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is true of budgeting? a.Budgeting relies on the control cycle to design the…

A: Introduction: Budgeting: Budgeting is an planning or an estimation for the future. Types of budgets:…

Q: Explain the situation: "Managing Without Budgets: Going Beyond Budgeting"

A: Introduction: Budgeting isn't the only thing that has to be done. Beyond Budgeting is the concept of…

Q: The primary benefits of budgeting include all of the following except it Select one: O a. provides…

A: Budget is an estimation of expenses and revenues over a future period which needs to be rechecked…

Q: Discuss the uses and advantages of budget.       2. Explain the concept of control and budgetary…

A: 1. The advantages of budgeting are as follows: Planning Coordination Performance measurement…

Q: 1. Which of the following is true? a) The direct materials purchase budget is determined from the…

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Q: Describe the various behavioral problems that are associated with setting a budget too "loosely."

A: If too tightly budgets are set then the employees are unable to meet targets because they are…

Q: Explain the phrase: "Beyond Budgeting: Managing without budgets"

A: Solution:- Beyond Budgeting: - Beyond Budgeting is the idea of abolishing traditional budgeting…

Q: A budget which is designed to change in accordance with the various level of activity actually…

A: A budget can be defined as the financial plan that is used by managers to estimate revenues and…

Q: Which of the following budgeting processes aims to challenge the existing way of operating, by…

A: A zero-based budgeting process is a technique in which all the previous expenses are set as zero so…