resource constraint?

Q: Discuss the factors that are likely to cause managers to submit budget estimates of sales and costs…

A: Budgetary slack:   Creating an extra gap in the budget is known as budgetary slack which refers to…

Q: Define the terms relative-performance (relative-improvement) contract and rolling financial…

A: Relative performance: It is related to the evaluation of the performance of an individual based on…

Q: Describe how and why managers of companies use budgets. In doing so, cite three advantages of using…

A: Ans. Companies need to prepare budgets on a regular basis so to find out the flow of business and…

Q: When a manager is prohibited to exceed its spending from the allowable budget, it may Select the…

A: The question is related to the Budgetory control. When managers are prohibited to exceed its…

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

A: A budgeting system helps an organization to plan and decide the amount to be spent in a particular…

Q: Which of the following is not a benefit of budgeting? a. It sets some standards to evaluate…

A: Budgeting is defined as the procedure of planning the manner in which the work to be conducted and…

Q: Which of the following statements is incorrect? * O An imposed budget is the same as a participative…

A: Answer: Budget is the statement that is prepared for revenue and expenses as an estimation made by…

Q: Since budgets affect many people in an organization, they can have significant behavioural…

A: Budgetary slack: The difference in the expected and the budgeted revenue/ expenditure is planned in…

Q: Which among the following is not an element of budgeting? a. Budgeting should state the firm’s…

A: Budgets are prepared on weekly, monthly, or yearly basis to make plans for the future which needs to…

Q: Budgets

A: following statements is true.

Q: Which of the following is NOT an objective of the budgeting process?  Group of answer choices a -…

A: Budgeting is a process to plan about the activities for the business with developing goals so as to…

Q: It is important for institutions to budget and to further have feedback by receiving regular…

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

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: WHEN EVALUATING EMPLOYEE PERFORMANCE AGAINST BUDGETS, WHICH OF THE FOLLOWING REPORTS WOULD BE THE…

A: The correct option is option a.

Q: Discuss the factors that are likely to cause managers to submit budget estimates of sales and costs…

A: Creating an extra gap in the budget is known as budgetary slack which refers to knowingly…

Q: Information technology has made it easier for managers to perform all of the following tasks except…

A: Budgetary slack refers to conscious estimation of budgeted revenue by under valuation or over…

Q: What are some challenges and weaknesses that a firm may find in the budgeting process?

A: The lack of proper monitoring and review, lack of clear policy and procedures on budgets, poor…

Q: A budget represents a target and aiming towards a target can be a powerful motivator. However,…

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 not a benefit of budgeting? a. It sets some standards to evaluate…

A: Budgeting is the activity of planning of costs and expenses for an entity. It is one of the most…

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

A: The purpose or motive of budgeting in business management has three aspects: Forecasting the…

Q: Do you agree with this statement? Explain why or why not

A: Budgeting is the technique which is applied and made by each organization and any business more…

Q: The purpose of a flexible budget is: a) To cap discretionary expenditure b) To produce a revised…

A: Flexible budget: A flexible budget is a budget that adjusts to the activity or volume levels of a…

Q: Budgeting is essential to businesses, but it is not that simple to implement. What are some…

A: Introduction: Budgeting is thought to be the purchase of important financial decisions that aid in…

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: Each of the following statements includes a pair of words within parenthesis. Indicate which of the…

A: Each of the following statements includes a pair of words within parenthesis. Indicate which of the…

Q: Which of the following budgeting processes is LEAST likely to motivate managers toward…

A: Budget Process: The budget process assists the management by determining standards for the…

Q: Development of Budget

A: Budget is prepared to make projections of income and expenses of an entity at the discretion of…

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: Which of the following is not a benefit of a static budget performance report? O A. It is useful in…

A: A static budget report  is used to find sales and variable costs  over a period of time  and analyze…

Q: Why do successful companies tend to use the bottom-up approach to establish a master budget?

A: The bottom-up approach increases the efficiency and productivity of the employees as the budget is…

Q: Which of the following statements is not correct?   The revenue budget is the starting point in…

A: Budget: Budget is the process of identifying, collecting, and summarizing the financial information.…

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 different reasons why a manager might submit a biased budget estimate.

A: A budget is a financial plan made by the company for a definite period such as for months or years.…

Q: What justification you would give to the firms board of directors for creation and maintenance of…

A: Training and development is the process of educating the employees about the work and culture 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: 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: often an arduous process, however, and often strikes dread in the hearts of those involved in budget…

A: A management control system (MCS) is a system that collects and uses information to assess the…

Q: Development of a budget ____________. a. Is required by GAAP. b. Is required by tax authorities. c.…

A: A budget refers to an estimate that helps to forecast the income that will be earned and expenses…

Q: Which of the following statements is false with respect to a budgeted income statement? Its interest…

A: The budgeted income statement is like other income statements which shows all the expenses and the…

Q: How do managers use budgets to control business activities? a) Match the concept (by number) to the…

A: As per the guidelines, only one question is allowed to be answered. Please upload different…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.