Assignment Question(s): (Marks 15) Q1. Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used in manufacturing by providing a numerical example. (3 Marks) Q2. RCR has two support departments, X1 and X2, and two operating departments, Z1 and Z2. RCR has decided to use the direct method and allocate […]
Tag Archives: Flexible budget
Differentiate between routine operating decisions and non-routine operating decisions with suitable examples.
Assignment Question(s):(Marks 15) Q1. Differentiate between routine operating decisions and non-routine operating decisions with suitable examples. List all non-routine operating decisions and explain any two decisions with suitable examples. […]
How can such analysis be detrimental rather than beneficial to the organization?
Discuss how to interpret static and flexible budget variances. What are the benefits of variance analysis? How can such analysis be detrimental rather than beneficial to the organization?
What changes did you notice in your Cash Budget when you inserted the new sales figures?
Math/Physic/Economic/Statistic Problems Week 5 Questions: 1) Use your budgeted income statement to create a flexible budget for a 5% and 10% increase in sales and again for a decrease in sales. You may have to fix your inventory schedule with these changes in sales forecast. What changes did you notice in your Cash Budget when […]
What are the six key concepts for managerial accountants to understand when making decisions for their organizations:
Select one of the following questions to answer in your discussion: 1. Describe a flexible budget, how it works, and the associated variances? 2. What are the six key concepts for managerial accountants to understand when making decisions for their organizations: 3. Discuss volume trade-off decisions to include the terms constraint and bottleneck. provide examples. […]
