STATIC BUDGET VARIANCE FOR THE MONTH JUST ENDED Income Statement line-item Budgeted amount per unit Static Budget (A) 10‚000 units Actual Results (B) 16‚000 units Static Budget Variance (A) – (B) Revenue Variable costs: Materials Labor Overhead Total Contribution margin Fixed costs: Manufacturing Overhead Marketing costs Total fixed costs Operating income
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Saturday March 6 2010 How transparent is budget making process? M S Siddiqui The budget reflects the vision and mission of incumbent government. The government leaders usually try to fulfil election pledges through the budget. The budget incorporates the government’s plan to collect resources and use the same to meet the public’s needs. The people have every right to know about the income and expenditure of the government. The openness and transparency of a budget help them to judge whether
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EXAMPLE OF MULTI-USER OPERATING SYSTEM The common examples of multi-user operating system’ include VMS‚ UNIX‚ and mainframe operating systems which include MVS system. A single user multi-tasking operating system is an operating system is capable of allowing multiple software processors to run at the same time. EXAMPLE OF NETWORK OR DISTRIBUTED SYSTEM Short for Network operating system‚ NOS is the software that allows multiple computers to communicate‚ share files and hardware devices with one
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Input/output (I/O) devices). (ii) Operating System (OS) Controls and coordinates the use of the hardware among the various application programs for the various users. (iii) Applications Programs /Application Software Define the ways in which the system resources are used to solve the computing problems of the users (compilers‚ database systems‚ video games‚ business programs). (iv) Users Include people‚ machines‚ and other computers. 1.1 Common operating system platforms include: Windows(NT
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Search Home Page » Historical Events There Have Been Many Theories Regarding How the Pyramids at Giza Were Constructed In: Historical Events There Have Been Many Theories Regarding How the Pyramids at Giza Were Constructed There are many theories as to how the pyramids at Giza were constructed. Most experts agree that they were constructed as burial monuments for pharaohs‚ but “how” these ancient people constructed monuments of such great size without modern machinery is a mystery which is still
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BUDGET According to CIMA ‚ Official Terminology “A budget is a financial and /or quantitative prepared prior to a defined period of time ‚ of the policy to be pursued during that period for the purpose of attaining a given objective.” In the words of Crown and Howard ‚ “ A budget is a pre- determined statement of management policy during a given period which provides a standard for comparison with the results actually achieved.” BUDGETRY CONTROL Budgetary control is the process of determining
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The case titled The Theatre Budget was a short journal about a frustrated Vice-President of a performing arts theatre that had a Board of Directors more concerned about artistic values than how they would pay the bills. Janet Dobbs was Vice President for Administration and President-elect for this small taxexempt organization called the Greater Euclid Little Theater (GELT). It is obvious in the case that there is a divide between industries; business administration/accounting and the arts. One
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Question: Budget acts as planning and monitoring tools. Critically evaluate. A budget is a financial plan for the future concerning the revenues and costs of a business. However‚ a budget is about much more than just financial numbers. Without a budget‚ the business owner is literally shooting in the dark when it comes to trying to plan expenditures for the business and match them to sales revenue. Budget is not only a plan of action for a business; it is also a tool for monitoring performance
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How is poverty constructed as a social problem in the UK today? Abstract. The term ‘social problem’ refers to certain problems that are socially recognised by society and are felt to threaten certain values cherished by the public. This essay will investigate the different types of poverty that occur in the U.K and will explore the sociological arguments as to how poverty links with social problems such as social exclusion‚ gender discrimination in the work place‚ lone-parenting and disability
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Process Essay – How to Create a Budget Money is something that everyone worries about at some point in their life – and learning to create a budget is one of the most efficient ways you can manage your money. Everyone is capable of building a budget and making a few simple changes that will affect their financial future. Regardless‚ if you feel that your finances are under control or not‚ a budget will make sure that you are using your money the way you want to. Taking a little extra time to
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