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The budgeting process may be approached differently in various firms. Top-down budgeting has its inception with directives from senior management who prepare the budget for staff and assess performance based on objectives established at higher levels. Any additional compensation received occurs as a result of achieving budgetary targets imposed by others. In contrast, bottom-up budgeting reflects the predictions of cost, revenue, profit, and investment center managers-proposed and approved by senior managers. Incentives are negotiated by managers proposing the budget rather than imposed by higher level executives. In a well-written paper demonstrating APA standards, answer the following questions: 1. Define a flexible budget and describe its use. Under which budgeting approach would flexible budgets more likely be used, and why? 2. What might be the most important consideration in investigating budget variances? 3. What are the potential benefits of monitoring direct cost variances? 4. What are the potential benefits of monitoring overhead variances? 5. Should managers be commended for achieving favorable overhead spending, efficiency, and production volume variances? Rationalize your response. In addition, include two or three outside references to support your research and conclusions. Your paper should meet the following requirements: Include two or three outside references to support your research and conclusions
daja and whitnee had capital balances of 140000 and 160000 respectively at the beginning of the current fiscal year.
What are three characteristics of a sole proprietorship - Are these characteristics the same as or different from those of a partnership?
Due to the negligence of the other driver, Adam's car is completely destroyed, and he is seriously injured. Two days later, Adam dies from injuries suffered in the accident.
sprint nextel is one of the largest digital wireless service providers in the united states. in a recent year it had
schools systems supplies a particular type of office chair tolarge retailers such as target costco and office max.
If XYZ decides to pay off the entire mortgage in March, 2004 after just two monthly payments of $2,426.55 have been made, what amount of principal would be due?
On September 1, 2005, Saturn Corporation's common stock was selling at a market price of $300 per share. On that date, Saturn announced a 3 for 2 stock split. At what price would you expect the stock to trade immediately after the split goes into ..
Events in the world of corporate finance during the past few years have shown the importance of transparent and accurate financial reporting by businesses.
In order to achieve a 25% multifactor productivity improvement by reducing the standard costs, how much should these costs be reduced?
Jenny received nontaxable stock rights on June 9, 2009. She allocated $3,800 of the $20,000 basis for the associated stock to the stock rights. The stock rights are exercised on October 12, 2009. The exercise price for the stock is $11,000. What i..
Suppose Green has been using the straight-line method and switches to the sum-of-the-years'-digits method. Ignoring income taxes, what journal entry(s) should Green record relating to the machine for 2011?
On June 1, 2002, a company purchased on the open market $20,000 of a company's non-convertible (or convertible) bonds (2% of $1,000,000 bonds outstanding) at a price of "60" ($12,000 cash) plus accrued interest.
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