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Why are activities important in the budgeting process?

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How does the understanding of the ties in the production budgets help individuals manage more effectively?

Why are activities important in the budgeting process? Can you give some examples?

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Clear discussion in everyday language suitable for novices. Two full paragraphs for your understanding and insight.

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Production Budgeting/Activities and Budgeting

How does the understanding of the ties in the production budgets help individuals manage more effectively?

The production budget is a planning document. The units that are expected to be produced generate a host of other expectations that help managers to know the needed level for materials, labor, supplies, facilities, equipment and so forth. Knowing "the ties" help managers to separate what is dependent on production and what is ...

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Carol Sargent, PhD
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  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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