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    Cost accounting question.

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    How can managers more effectively use budgets to manage their day-to-day operations? What information do managers need to prepare a useful budget?

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    https://brainmass.com/business/accounting/cost-accounting-question-119900

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    The managers have to look back and compare what actually happened with what they expect to occur during the day-to-day operations. Then, they need to determine the causes of variances and take the necessary corrective action to reduce variances to an acceptable amount in the next period. For example, the ...

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    This solution is comprised of a detailed explanation to answer to how can managers more effectively use budgets to manage their day-to-day operations and what information do managers need to prepare a useful budget.

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