Which of the following explains why managers compare the budgeted costs to actual costs? a. Managers only focus on the budgeted costs and infrequently compare these with actual costs. b. Managers only want to know how well they did to control costs. c. Managers never compare budgeted costs to actual costs. d. Managers evaluate how well they did to control costs and learn how to do better in the future. e. Managers only want to learn how to make better decisions in the future.
Which of the following explains why managers compare the budgeted costs to actual costs? a. Managers only focus on the budgeted costs and infrequently compare these with actual costs. b. Managers only want to know how well they did to control costs. c. Managers never compare budgeted costs to actual costs. d. Managers evaluate how well they did to control costs and learn how to do better in the future. e. Managers only want to learn how to make better decisions in the future.
Chapter7: Budgeting
Section: Chapter Questions
Problem 6MC: Which of the following is true in a bottom-up budgeting approach? Every expense needs to be...
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Which of the following explains why managers compare the budgeted costs to actual costs?
a.
Managers only focus on the budgeted costs and infrequently compare these with actual costs.
b.
Managers only want to know how well they did to control costs.
c.
Managers never compare budgeted costs to actual costs.
d.
Managers evaluate how well they did to control costs and learn how to do better in the future.
e.
Managers only want to learn how to make better decisions in the future.
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