What are support departments, and why are their costs allocated to other departments?  What process is used to allocate support department costs?

Q: How is a departmental contribution to overhead an effective tool in assessing each department's…

A: Departmental contribution to overhead is the amount of money a deptt. has available after its…

Q: Which of the following techniques would be best for evaluating the management performance of a…

A: Solution: Return on assets ratio and return on investment ratio is used to measure performance of…

Q: What is the major benefit of tying a budget to the overall goals of the compan

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: Which budget evaluates the results of operations at the actual level of activity?   A) capital…

A: In a flexible budget, the actual level of activity is compared with the budgeted.

Q: Should actual or budgeted service department costs be allocated? Why?

A: Service department:   A service department is a division in an organization that is not involved…

Q: 5. Which of the following is not a benefit of budgeting? A. It sets some standards to evaluate…

A: Budgets are compiled at least annually by most companies in order to plan their operations for the…

Q: Which approach is most likely to result in employee buy-in to this budget?

A: A budget is prepared as an estimate of company's future revenues and expenses. A comparison of…

Q: Help me explain in tagalog or english A budget plan is essential to the realization of the plans of…

A: Budget Plan Budget plan is important to the organisation to estimate the total expenditure and…

Q: How does the use of a time-driven activity-based costing (TDABC) system facilitate the preparationof…

A:

Q: What is the impact of responsibility reporting and budgeting on an organization?

A: A manager's performance is evaluated based on matters that are directly under the control of that…

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: QUESTION 26 For which responsibility centers would the performance reports contain budgeted and…

A: The center where the responsibility of displaying both the revenue and the expanse simultaneously is…

Q: The refers to a measure of acceptable performance established by management a guide in making…

A: The answer is option b standards

Q: What are support departments, and why are their costs allocated to other departments?  What process…

A: generally supporting departments are the departments that provide services to main departments. so…

Q: Give examples of allocation bases used to allocate support-department cost pools to operating…

A:

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

A: The correct option is option a.

Q: The Ozment Corporation uses a performance reporting system that shows online the data for each…

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: The process of creating a formal plan and translating goals into quantitative form is Process…

A: The process of creating a formal plan and translating goals into quantitative forms is known as…

Q: When an organization allocated indirect costs to departments by relative size of the budgets, it is…

A: The question is True or False.

Q: Explain the difference between strategic and operational budgets.

A: Strategic budget: A strategic budget is a long-term financial plan. It achieves the long-term goals…

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

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…

Q: Discuss how the budgeting process in an organisation benefits a functioning standard costing system

A: The process of creating a budget is referred to as budgeting. This process involves budget planning…

Q: Explain the difference between the engineered-cost and discretionary-cost approaches to…

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: How flexible budget through performance reporting is help for the management in determination of…

A: Budgeting refers to preparation of  estimated financial data using the past records. Flexible budget…

Q: Is it really vital for a manufacturing company to prepare a budgeted income statement and balance…

A: A budgeted income statements statement that forecasts earnings, revenue, and expenses for the coming…

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: Which of the following elements are used in calculating Costs in a Flexible Budget?   a. Budgeted…

A: The flexible budget performance report is prepared to compare the actual data with flexible Budget…

Q: The following items are some of the tools and techniques used in management accounting. - Budgeting…

A: Management accounting is method to calculate and analyze the data in such a way that managers can…

Q: A difference between standard costs used for cost control and budgeted costs       Can exist because…

A: Standard costs refer to the concept of determining the expenses actually incurred while processing a…

Q: Static budgets are often used:A.By production departmentsB.By administrative departmentsC.By…

A: Static budgets are those budgets or estimates in which future forecast is made about anticipated…

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

A: Information technology made conducting of business easy. Due to introduction of various software's…

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 should the production requirements set forth in the production budget be carefully coordinated…

A: The production requirements are efficiently coordinated with the sales budget to ensure smooth…

Q: plain the financial aspects of planning and costing as embe

A: Budget : It is an expression of an organisation's plan, policies and programmes in the form of…

Q: Why might a manager prefer that budgeted rather than actual cost-allocation rates be used for costs…

A: Cost Allocation Cost Allocation is define as the process identifying, combining and assigning the…

Q: master-budget

A: following budgets is based on many other master-budget components.

Q: Which of the following describes the Comparison method of budgeting?      Does not include…

A: Budgets are prepared by a company to estimate the amount of net revenues or total cost to be…

Q: How do budgeted cost rates motivate the support-department manager to improve efficiency?

A:

Q: Two standards that are established for evaluating budget performance are the cost standard and the…

A: Ans. Cost standard measures deviation between the actual cost and standard cost.  Whereas,…

Q: What are two possible sources of information a company might use to compute the budgeted amount in…

A: Variance Analysis: Variance analysis is the process of ascertaining the deviations between actual…

Q: Explain and give example of the following Management Reports Procedures Activities: Budget vs.…

A: Budgeting becomes a crucial part of business management as it facilitates evaluating and analyzing…

Q: 5. Which of the following is not a benefit of budgeting? A. It sets some standards to evaluate…

A: Budgeting: Budgeting is that the method of making a plan to pay your cash.  Benefits of Budgeting…

Q: When looking at the main difference between the budget preparation process of a manufacturing…

A: Answer is option d) The budget process is more important to a mnufacturing company because of the…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.