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what is Long term budgets
Long term budgets: The budgets are prepared to depict long term planning of the business. The period of long term begets various between five to ten years. The long term planning is done by the top level management; it is not generally known to lower levels of management long time begets are prepared for some sector of the concern such as capital expenditure research and development long term finances etc. these budgets are useful for those industries where gestation period is long i.e., machinery electricity engineering etc.
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The management of Popular Stores Sdn. Bhd. are in the process of exploring the company’s investment opportunities.
#questioExercise 3-12 Computing Predetermined Overhead Rates and Job Costs [LO1, LO2, LO3, LO7] Kody Corporation uses a job-order costing system with a plantwide overhead rate base
5 application areas of linear programing in management accounting
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