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How would you describe an activity based budget?

Anonymous

∙ 12y ago

Updated: 4/5/2023

Activity-based budgeting is a technique that focuses on costs of activities or cost drivers necessary for production and sales. Such an approach facilitates continuous improvement.

Rigoberto Schamberge... ∙

Lvl 10

∙ 2y ago

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Related Questions

How would you describe an activity-based budget?

Activity-based budgeting is a technique that focuses on costs of activities or cost drivers necessary for production and sales. Such an approach facilitates continuous improvement.

How would you describe an incremental budget?

An incremental budget is a budget that is prepared based on prior-year figures, allowing for factors such as inflation.

How would you describe a zero-based budget?

A zero-based budget, on the other hand, is a budget that does not take anything for granted. It starts from point zero for each budgetary element and department each year and attempts to justify every dollar of expenditure.

How would you describe activity based costing?

Activity-based costing is a form of cost refinement, designed to obtain greater accuracy than traditional allocations in cost assignments for product costing and decision-making purposes.

How would you describe a master budget?

A master budget is comprised of operating budgets and financial budgets.

How would you describe a top-down budget?

A top-down budget is a budget that is essentially imposed on the organization by top management.

How would you describe the detection of rennin activity?

curds will appear

How would you define fixed budget?

A fixed Budget is a financial plan that does not change through the budget period, irrespective of any changes from the plan in actual activity levels experienced .

What would the flexible budget amount be if the master budget revenue was 250000 and the actual results were 254800 and how do you get the answer?

With flexible budget, you check whether the actual activity level is within the range of activity for flexible budget. If yes, then you compare very easily. Just extrapolate your budget for the actual activity level. Only Variable costs needs to be updated (as Fixed costs remain same for a particular activity level). Finally you have the actual results and budgeted results, both on the same activity level. This provides you the ground for comparing the both.

Would Paranormal Activity qualify as a small budget film?

Yes, they spent 15,000.$ on the film.

What Type of Graph would you use to describe a budget of a local government agency?

a bar graph

How would you describe a value added activity?

An activity is value-added to the extent that its performance contributes to the completion of the product or service for consumers.

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