flexible budget at three levels
Not what you're looking for?
Can you give me an example of a flexible budget at three levels for the income statement?
Purchase this Solution
Solution Summary
The solution explains flexible budgets at three levels for the income statement.
Solution Preview
Dear student,
Complete answer to your question is provided in a separate word document attached.It contains the following parts.
1 Concepts of flexible budget.
2 Three level flexible budget
3 static budget variance tables
4 Flexible budget variance table
5 Explanatory notes
The selected outline of my response is produced herewith for ready reference. For detailed answer you refer the attached file.
1 Concept of Flexible Budget:
A budget is a plan for the future. It is one of the important planning tools., Budget is prepared before the commencement of the period for accomplishment of predetermined goals of management in the field of sales, production, finance and overall profitability. Actual performance is compared with budget targets and variance is computed and analyzed. The comparison of the budget to actual results provides valuable information about ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.