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What does activity-level variances plus flexible-budget variances equal?
total master-budget variances
Which set of digits represent the budget activity code BAC or BA?
01
What is budget variance?
A budget "variance" is the difference between planned and actual performance.
Difference between revised estimate and supplementary estimate?
A supplementary estimate refer to the additional or extra estimate. A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.
What is the Difference between favourable and adverse variance?
At the start of fiscal period every organisation prepares budgets for the coming period and then use the same estimated budget at the end of fiscal year to evaluate the performence in the fiscal year. When actuall amount for any activity is utilized less then the budgeted amount estimated for the same activity at the start of the fiscal year and perform the same activity accurately as estimated at start of period with less amount then it is called favourable variance and vice versa.
Why is the pentagons budget 1.25 trillion a year?
Inflation
What is flexible budget?
Fixed or Static buget is for a particular activity level. Flexible budget is for a range of activity level. Differentiate between Fixed and Flexible budget ? Needs a complete answer.
What is the difference between a rolling budget and a flexible budget?
Here are the differences between the two: Flexible Budget-A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static budget, which remains at one amount regardless of the volume of activity. Rolling Budget-Method in which a budget established at the beginning of an accounting period is continually amended to reflect variances that arise due to changing circumstances. Hope this helps!
What is a budget which is prepared for one level of activity?
a budget which is prepared for one level of activity is:
What was the Production Budget for Paranormal Activity 4?
The Production Budget for Paranormal Activity 4 was $5,000,000.
What was the Production Budget for Paranormal Activity 2?
The Production Budget for Paranormal Activity 2 was $3,000,000.
What is a budget that is prepared for one level of activity?
The budget that is prepared for one level of activity is known as a static budget. A static budget is often one of many other budgets that are created off of a master budget.
What was the Production Budget for Paranormal Activity 3?
The Production Budget for Back to the Future Part III was $40,000,000.
What is the difference between a budget and a financial report?
The main difference is, budget is a planned activity to meet the targets whereas financial report is the one which shows the health/wealth of the organization.
A budget that is based on the actual activity of a period is known as?
SALES
What is rigid budget?
Rigid Budget: It does not change with actual volume of activity achieved. Thus it is known as a Rigid or inflexible budget.
What is the difference between activity based budgeting and traditional budgeting?
The activity based budgeting will give a percentage of the budget to the sections that are the most used. Traditional just splits it all up evenly.
