• Flexible Budgets Acc 543
    Flexible Budgets ACC/543 May 14, 2012 Write a paper of no more than 1,050 words in which you discuss flexible budgets. Explain the relationship between fixed and variable costs used in a flexible budget. (SAID) Discuss the differences between static and flexible budgets and...
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  • Accounting - Budgeting
    require the preparer to insert a range of estimates, the budget may be more complicated and take longer to prepare than a static budget. A static budget requires simple arithmetic, and a flexible budget requires algebra. In many cases, flexible budgets may not just take more time to put together, but...
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  • Week 5 Discussion Questions
    Discussion Questions Wk 5 ACC/561 Week Five Discussion Questions What is a flexible budget? What types of organizations may use flexible budgets? Why are flexible budgets useful? Flexible budgets work well as a performance evaluation tool in conjunction with a static budget and are...
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  • Flexible Budgets Acc543
    budget process. It analyzes flexible budgets, discusses the relationship between fixed and variable cost, explores the differences between static and flexible budgets, and how budgets assist in the cost-volume-profitability analysis. The Purpose of Flexible Budgets A budget is a tool...
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  • Budgeting
    CHAPTER 7:  FLEXIBLE BUDGETING   Chapter Contents: -                     Introduction -                     Pro Forma Analysis at Guess Who Jeans -                     Static Budget Variance at Guess Who Jeans -                     Flexible Budget Variance at Guess Who Jeans   Introduction...
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  • Chapter 7 Flexible Budget
    ) next year make even the current low-cost producer not a demanding enough hurdle. 7-16 (20–30 min.) Flexible budget. | |Actual Results |Flexible-Budget |Flexible Budget |Sales-Volume |Static Budget | | |(1...
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  • Marketing and Business
    with the flexible budget. The flexible budget compels the anticipated cost behavior and cannot be prepared prior to the end of the cycle. Flexible budgets alter the static budget for the stages of productivity. These budgets are more valuable and complex than a static budget. The flexible budget...
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  • Cost Accounting Horngren Cap 7
    budgeted amount. An unfavorable variance––denoted U––is a variance that decreases operating income relative to the budgeted amount. The key difference is the output level used to set the budget. A static budget is based on the level of output planned at the start of the budget period. A flexible budget...
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  • Flexible Budgets and Performance Analysis
    Chapter 9 Flexible Budgets and Performance Analysis Solutions to Questions 9-1 The planning budget is prepared for the planned level of activity. It is static because it is not adjusted even if the level of activity subsequently changes. 9-2 A flexible budget can be adjusted to reflect any...
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  • Miss
    Flexible budget is a detailed budget that is prepared for a range of levels of activity. Static budget is a detailed budget that relates to one specific planned level of activity.Flexible budgets work well as a performance evaluation tool in conjunction with a static budget and are basically a...
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  • Finance Chapter 8
    Problems: 8.1: Data for Newark General Hospital (In Millions of Dollar): | |Static Budget |Flexible Budget |Actual Result | |Revenues |4.7 |4.8...
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  • Budgets
    the budget when a flexible budget is used, since the model tracks much closer to actual results. FLEXIBLE BUDGETflexible budget, or “flex” budget, itemizes different expense levels depending upon changes in the amount of actual revenue. This approach varies from the more common static...
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  • JIT A control approach in manufacturing
    Chapter 11 Learning Objective 1 Prepare a flexible budget and explain the advantages of the flexible budget approach over the static budget approach. Static Budgets and Performance Reports Static budgets are prepared for a single, planned level of activity. Performance evaluation is...
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  • Chapter 8 Flexible Budgets, Overhead Cost Variances, and Management Control
    increased above those in the budget for 2009. 8-20 (30–40 min.) Manufacturing overhead, variance analysis. 1. The summary information is: |The Solutions Corporation (June 2009) |Actual |Flexible |Static...
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  • Abcde
    7 Flexible Budgets, Direct-Cost Variances, and Management Control Professional sports leagues thrive on providing excitement for their fans. Learning Objectives 1. Understand static budgets and static-budget variances It seems that no expense is spared to entertain spectators and...
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  • 14ed Horngren Chapter 18 Solution
    | | | | |static budgets. | | | | | |LO2: Use flexible-budget formulas to construct a |A1, |24, 25, 26 |43, 49, 50...
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  • Ellp
    ., 2008, p. 13). When evaluating Guillermo’s budget, there are factors to consider when determining the budgets usefulness. A few factors to consider in regards to budget are static vs. flexible, variances and causes of variances, and risks associated with the sales forecast. There are also ethical...
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  • avatar
    difference is the output level used to set the budget. A static budget is based on the level of output planned at the start of the budget period. A flexible budget is developed using budgeted revenues or cost amounts based on the actual output level in the budget period. The actual level of output is...
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  • Mr. Oman
    that very question and reinforces to the reader the important role which a flexible budget plays in a business application. Tucker contrasts and compares the static budget and the flexible budget. The static budget is required to estimate expenses for the upcoming period and as Tucker points out...
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  • Accounting Solution
    Flexible budget variance (250 U + 500 F) $ 250 F Variable overhead is overallocated in the amount of $250 (the same amount as favorable flexible-budget variance). 2. Flexible Budget Allocated: Same Lump Sum Budgeted Input (as in Static Budget) Allowed for Actual...
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