In theory, the optimal method for establishing a transfer price is   incremental cost market price budgeted cost with or without mark-up flexible budget cost

Q: better system for performance analysis?

A: A flexible budgeting system is a type of budgeting which is based on various sales volumes and it…

Q: What is the main advantage of an object classification budget? What are its limitations? How do…

A: The budget is the estimation of all the revenue and expense of the company. It acts as a parameter…

Q: What is the difference between a static budget and a flexible budget?

A: The question has covered the concept of Static Budget and Flexible Budget. That is discussed below,…

Q: Why might managers find a flexible-budget analysis more informative than a static-budget analysis?

A: Static Budget: Static budget is a fixed budget prepared for a particular period of time without…

Q: For a consumer, utility maximization occurs at O the intersection of two budget lines O the…

A: a point of tangency between the budget line & an indifference curve

Q: Explaining Costs That Change with Flexible Budget Activity When preparing a company's flexible…

A: Budgets: Budgets are prepared for the planning and controlling purposes. Budgets facilitate…

Q: BUDGETED SALES PRICE FORMULA Would you please show and explain the formula for finding the "Budgeted…

A: Budgeted sales price can be computed using two methods that include sales price variance and sales…

Q: What is a flexible budget? Explain? Give example?

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

Q: Performance reports for cost centers compare actual controllable costs with flexible budget data.…

A: Solution: Costs centers are responsibles for costs that are with in their control. In order to…

Q: the excess of budgeted or actual sales over the break-even volume of sales is known as: a)…

A: The break-even sales volume is the total quantity of a good or service a firm is required to produce…

Q: Explain the difference between static and flexible budgets.

A: Flexible Budgets: Flexible budgets are prepared for various levels of activities or outputs. This…

Q: Activity flexible budgeting differs from traditional approaches by using more than ____________…

A: Budgeting:- Budgeting is a process of estimation of the revenue and expenses over a specified period…

Q: Explain the term flexible budget variance.

A: Flexible Budget: It is a type of budget that changes based on the volume of business activity.…

Q: What is a flexible budget and how does it differ from a static planning budget?

A: A flexible budget is a budget which can be adjusted to changes in volume or activity on which budget…

Q: Explain how standard costs and flexible budgets can be used for short-term profit analysis—that…

A:

Q: Describe how nonoutput-based cost drivers can be incorporated into budgeting.

A: Budget: The budgeting is a process of preparing budgets and the evaluation of it to see whether the…

Q: The performance evaluation of a cost center is typically based on its a. sales volume variance. b.…

A:

Q: The performance evaluation of a cost center is typically based on its sales volume variance. ROI.…

A: A performance evaluation system is a tool in the hands of the management which is used for periodic…

Q: Flexible budgeting may be viewed as combining the concepts of budgeting with cost-volume-profit…

A: A Budget is nothing but an estimation of the revenues and expenses of an organization for a…

Q: What is the main difference between static and flexible budgets?

A: A budget is a tool that helps the entity to  achieve its predetermined objectives through a…

Q: Vhich of the following is different in a flexible budget compared to the master budget for a period?…

A: Solution Concept Flexible budget                 Flexible budget is a budget which is prepared using…

Q: Calculate budgeted contribution margin per unit

A: Formula: Budgeted contribution margin per unit = Budgeted sales price per unit - Budgeted variable…

Q: How are joint costs allocated? Explain and analyze using numerical example.

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: What is a static budget? Explain? Give example?

A:

Q: A Master budget is called a Static budget because   a. It is developed around unchanging (static)…

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

Q: Distinguish between a columnar and a formula flexible budget.

A: Definition: Flexible budget: A flexible budget is a budget that is prepared for different levels of…

Q: What is the advantage of using a flexible budget?

A: Budget is prepared at the start of the year so as to estimate the cost of producing any product that…

Q: How does a flexible budget based on two cost drivers differ from a flexible budget based on one cost…

A: Flexible Budget: A flexible budget is a budget that is prepared for different levels of the output.…

Q: What assumption is implicitly made about cost behavior when all of the items in a static planning…

A: Static Budget:   A budget that doesn’t changes with the volume of activity throughout the period is…

Q: What are the advantages and disadvantages of incremental and zero-based budgeting

A: Budgeting involves estimation of expenses and revenues of an entity over a specific period of time.

Q: a) Briefly discuss the similarities and differences between the terms 'overhead absorption rate' and…

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

Q: Why use a flexible budget?

A: Flexible Budget: A flexible budget is a budget that is prepared for different levels of the output.…

Q: IDENTIFY AND DISCUSS THE DIFFERENCES BETWEEN STATIC AND FLEXIBLE BUDGETS.

A: A budget is defined as a plan layout designed for a particular period. It involves planning costs…

Q: How does a flexible budget based on two cost drivers differ from a flexible budget based on asingle…

A: Flexible budget is the estimated amounts in the business which can be adjusted to reflect any…

Q: A standard price is the same as a(n): budgeted price actual price budgeted quantity favorable price…

A: Standard costing is a technique for which predetermined standard costs for direct material, direct…

Q: The flexible budget will report for fixed costs.

A: Solution Concept Flexible budget is a budget in which the variable cost is adjusted on the basis of…

Q: Compare how alternative budget time frames can be used.

A: A budget is a quantitative plan for acquisition and use of resources in a business over a specified…

Q: benefits of flexible budgeting on sustainability.

A: Flexible budget refers to the budget which adjusts to the activity levels of the business and this…

Q: What is the key difference between a static budget and a flexible budget?

A:

Q: Is the budgeted price used for the static budget or the flexible budget?

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

Q: What is a flexible budget performance report?

A:

Q: When using a flexible budget, a decrease in activity within the relevant range:   Multiple Choice…

A: Flexible Budget:  A flexible budget is a budget that adjusts itself with the level of activity. It…

Q: The margin of safety can be defined as the excess of budgeted sales over:  break-even sales. net…

A: Cost-volume profit analysis: It can be defined as a cost accounting method that shows the impact of…

Q: since flexible budget is more accurate in measuring performance, can company just develop flexible…

A: A static budget is the starting point for the company. When the business term is six months, for…