Chapter 5, Problem 10DQ

What are responsibility budgets ? What responsibility centerswould serve as the basis for preparing responsibility salesbudgets in a large retail store, such as Sears or Nordstrom?

How does the master budget for a merchandising company differ from a manufacturing company?

What are standard costs and why do companies use standard costs? Discuss the difference between ideal and practical standards. Which is most useful to a company and why? In your opinion, what are the two most significant advantages and disadvantages of using standard costs? Support your opinion. What is a static planning budget? Is it useful? Why or why not? What is a flexible budget? How does it differ from a static planning budget? Explain why the flexible budget more useful than the static planning budget.

How does the master budget for a merchandising company differs from a manufacturing company?

Which option is the most effective for companies and employees: a flexible spending account (FSA) or a health savings accounts (HSAs)

How can budgeting assist a company in planning its workforce staffing levels?

Which budget is prepared for Advertising, Salary, and Market Analysis? A. Operating Budget B. Sales Expenditure Budget C. Static Budget D. Labor Budget

How to justify the relatively large recruiting budget that you have been historically assigned. What arguments would you provide? What indices or measures will you provide to show that your recruitment is cost-effective?

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