Activity-Based Management
Not what you're looking for?
1. In any type of manufacturing business, there are many cost concerns—some are immediately obvious while others are hidden. If you started a manufacturing business, what type of budget would you choose, static or flexible? Explain why, and include the advantages and drawbacks of your choice.
2. The process of using activity-based costing information to manage a business's activities, and thus its costs, is called activity-based management. How do managers use the information provided by an activity-based costing system?
Purchase this Solution
Solution Summary
This solution discusses activity-based management in a manufacturing business.
Solution Preview
http://smallbusiness.chron.com/would-company-flexible-budget-variance-informative-34699.html
1. In any type manufacturing business, there are many cost concerns—some are immediately obvious while others are hidden. If you started a manufacturing business, what type of budget would you choose, static or flexible? Explain why, and include the advantages and drawbacks of your choice.
I would choose a flexible budget because of the fact that static budgets are basically predicated upon estimations of what is needed when the business cycle initially starts. Therefore, the budget is initially created to address expected production figures and to cover projected operational fees. Therefore, as a new business owner who is starting a manufacturing business, it would be more beneficial to begin with a static budget but ...
Purchase this Solution
Free BrainMass Quizzes
Operations Management
This quiz tests a student's knowledge about Operations Management
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
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.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.