Question and answer
What are some criteria you would use to choose between a fixed and a flexible budget?
Static Budget: Shows the expected results of a responsibility center for only one activity level. [ Once the budget is made, it is not changed, even if the activity level changes. Flexible Budget: shows the expected results of a responsibility center for several activity levels. The flexible budget is more accurate than the static budget because budget amounts adjust for changes in activity.A
static budget is prepared and used throughout the year to compare with actual performance. A flexible budget is prepared early in the year, comparisons are made each month and the budget is adjusted to take into account new information and estimation errors. It is also called a rolling budget. You make a new one every monthFixed Budget is mainly used in the planning stage to define the broad objectives of management. Flexible budget, on the other hand is prepared for the volume of activity actually achieved, in other words the controlling stage. The reason why we had flexible budget is because for most of the time, the level of activities differ and as a result, the fixed budget differs by a lot from the actual result. ]
Expert answered|selymi|Points 5470|
Question
Asked 8/9/2011 3:01:28 AM
0 Answers/Comments
Ask a question
Not a good answer? Get an answer now. (FREE)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What are some examples of cost allocation criterion used by this organization? Are these criterion appropriate? Why or why not?
Weegy: Examples of bases used to allocate corporate cost pools to the operating divisions of an organization: Treasury costs—allocated using cost of new assembly equipment. Corporate human resource management costs—allocated using salary and labor costs [ of divisions. Corporate administration costs—allocated using division administration costs.The use of budgeted indirect cost allocation rates rather than actual indirect rates has several ... (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 8/7/2011 11:33:15 PM
0 Answers/Comments
Why do you think the use of zero-base budgeting remains uncommon? Explain your answers.
Weegy: Zero-based budgets mean that each year the budget begins at zero and all expenditures have to be evaluated and substantiated before excepted. [ The reason it is less common is because it opens the door to subjectivity and special interests which may not be the best test of reality. ] (More)
Question
Business and Money|No Subcategories|Expert Answered
Asked 8/9/2011 3:09:12 AM
0 Answers/Comments
There is nothing so painful as regret
Weegy: That's a matter of opinion. Regret, I feel, is optional to those who know how to look to the future and stay in the present. Is there something I can help you with? (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 8/9/2011 3:53:50 PM
0 Answers/Comments
There is nothing so painful as regret
Weegy: Be real. Think about your regrets decide the most irritating one. (More)
Question
Education|No Subcategories|Expert Answered
Asked 8/9/2011 4:28:33 PM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
The question below refers to the selection "By the Waters of ...
Weegy: The question below refers to the selection "By the Waters of Babylon." The many lights that John sees in his ...
4/22/2014 8:51:50 AM| 5 Answers
Identify the function of the italicized noun clause. Cousin Jake's ...
Weegy: The function of the noun clause "that he run the mile in less than four minutes" is a NOUN PHRASE COMPLEMENT.
4/22/2014 9:51:58 AM| 4 Answers
Which sentence uses a verb that agrees with its compound subject? ...
Weegy: Which sentence uses a verb that agrees with its compound subject? A. Pumpkins and grapes are grown on vines. ...
4/22/2014 12:24:12 PM| 4 Answers
(x 2 + 4x + 8)(2x - 1)
Weegy: Simplify: 2x - 8 = 2x - 3. As you can see, there are no values of x that make the equation true. Subtracting 2x ...
4/22/2014 7:19:21 AM| 3 Answers
Ethiopians learned Christian traditions from ___________. a. their ...
Weegy: Ethiopians learned Christian traditions from the Hebrews.
4/22/2014 7:36:55 AM| 3 Answers
If x varies inversely with y and x = 4 when y = 9, find x when y = 6. ...
Weegy: (3x-2) squared is 9x^2 - 12x + 4. User: Find the general term for the sequence -3, 1, 5, 9, .... Weegy: -6
4/22/2014 8:28:58 AM| 3 Answers
How many terms are in the expression shown below? x2 - 10xy + 3y + ...
Weegy: There are 5 terms in the expression x2 - 10xy + 3y + y2 - 1. User: Find the value of 21 - 18 ÷ 3 · ...
4/22/2014 1:25:53 PM| 3 Answers
Who is the owner of GTV vodka
Weegy: Birdman, the rapper, is the owner of GTV vodka.
4/22/2014 11:38:15 PM| 3 Answers
Solve for x. x - 8 = -20 -28 -12 12 28
Weegy: 6(x - 2) = 4, 6x - 12 = 4, 6x = 4 + 12, 6x = 16, x = 16/6, or 8/3 in simplest form. User: The sum of ...
4/23/2014 1:27:55 PM| 3 Answers
Which of the following represented loyalty to church before loyalty ...
Weegy: D. User: The Glorious Revolution took place in response to the __________. a. actions of James II c. Articles ...
4/22/2014 4:08:32 AM| 2 Answers
At the incident scene, who handles media inquires? A. Public ...
Weegy: At the incident scene, who handles media inquires? D. Communications Officer User: The Liaison Officer: A. ...
4/22/2014 6:09:11 AM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1807 [Total 7194]| Ratings 0| Comments 1807| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1724 [Total 9605]| Ratings 0| Comments 1724| Invitations 0|Offline
S
1
L
C
L
Points 914 [Total 5717]| Ratings 4| Comments 874| Invitations 0|Offline
S
1
L
1
L
P
Points 569 [Total 7246]| Ratings 2| Comments 549| Invitations 0|Offline
S
L
Points 480 [Total 2927]| Ratings 2| Comments 450| Invitations 1|Offline
S
L
1
1
1
Points 300 [Total 3566]| Ratings 7| Comments 230| Invitations 0|Offline
S
R
Points 267 [Total 379]| Ratings 6| Comments 187| Invitations 2|Offline
S
Points 205 [Total 205]| Ratings 6| Comments 125| Invitations 2|Offline
S
Points 170 [Total 586]| Ratings 0| Comments 170| Invitations 0|Offline
S
Points 160 [Total 804]| Ratings 1| Comments 150| Invitations 0|Offline