In 100 words or fewer, explain when a management would prefer a flexible budget as opposed...

In 100 words or fewer, explain when a management would prefer a flexible budget as opposed to a static budget.

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ekkarill92 answered 1 year ago

In your own words, in detail explain the purpose of flexible budgets and the flexible budget...

In your own words, in detail explain the purpose of flexible budgets and the flexible budget performance report. Additionally, explain in detail what the purpose of computing the materials, labor and overhead cost variances.

When would it make sense to use a flexible budget as compared to a forecast budget?

In 100 words or fewer, explain the differences between participative budgeting and traditional budgeting.

In 100 words, or fewer, explain why investors should be more interested in the Diluted EPS...

In 100 words, or fewer, explain why investors should be more interested in the Diluted EPS number than the Basic EPS number. Company X information for Diluted Shares calculations for period 201X: Earnings for Year 201X - $20 million Average Basic shares outstanding for Company X in 201X – 10 million Average Stock Price for year 201X - $6.00 Warrants to purchase common shares: - Warrants A to purchase 2 million shares ex @ $2.00 - Warrants B to purchase...

What s the difference between a planing budget and a flexible budget? When would you use...

What s the difference between a planing budget and a flexible budget? When would you use each of them?

1. In 100 words or fewer, explain how managers can use budgets for planning. 2. In...

1. In 100 words or fewer, explain how managers can use budgets for planning. 2. In 100 words or fewer, explain the differences between participative budgeting and traditional budgeting. 3. In 100 words or fewer, explain when a management would prefer a flexible budget as opposed to a static budget

In 175 words respond to the following: What is a flexible budget? How does a flexible...

In 175 words respond to the following: What is a flexible budget? How does a flexible budget use cost behavior (fixed, variable, mixed)? Suppose you’re starting anew business – would you prepare a static budget or a flexible budget? Why?

explain the difference between a statistic budget and a flexible budget. Explain what is meant by...

explain the difference between a statistic budget and a flexible budget. Explain what is meant by an activity variance and a spending variance

The management of Hess, Inc., is developing a flexible budget for the upcoming year. It was...

The management of Hess, Inc., is developing a flexible budget for the upcoming year. It was not pleased with the small amount of net income the budget showed at all sales levels and is contemplating using a less expensive material. This action reduces direct material cost by $1 per unit. What would be the effects on financial statements and a flexible budget if management takes this approach? Are there other factors that need to be considered?

Which management actions can affect the cash flow budget? Discuss in 80–100 words

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