Explain what is meant by the principal budget factor-新东方在线职业题库

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Explain what is meant by the principal budget factor

Chapter15Budgeting

The principal budget factor is the limiting factor since this determines all other budgets.

In most companies, the level of demand determines the size and scale of the operation which is why many budgetary planning processes begin with the sales budget.

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What does an adverse variable overhead efficiency variance indicate and what might be the cause?

Explain briefly the possible causes of

(i) A favourable material usage variance

(ii) A favourable labour rate variance

(iii) An adverse sales volume contribution variance.

What is the relationship between the labour efficiency variance and the variable overhead efficiency variance? Why might the monetary value be different?

Explain the meaning and relevance of interdependence of variances when reporting to managers.

A balanced scorecard measures performance 什om four perspectives: customer satisfaction, growth, financial success and process efficiency. Briefly explain these processes.

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