MANAGERIAL ACCOUNTING (LL) W/CONNECT >C<
MANAGERIAL ACCOUNTING (LL) W/CONNECT >C<
17th Edition
ISBN: 9781264384150
Author: Garrison
Publisher: MCG CUSTOM
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Chapter 9, Problem 4Q

Why is it difficult to interpret a difference between how much expense was budgeted and how much was actually spent?

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Why is it difficult to interpret a difference between how much expense was budgeted and how much was actually spent?
What assumption is implicitly made about cost behavior when a budget is directly compared toactual results? Why is this assumption questionable?
Can you interpret the effect on revenue , expense and profits if the sale or production differ from master budget.
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