Explain what is meant by a flexed budget-新东方在线职业题库

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Explain what is meant by a flexed budget

Chapter15Budgeting

Flexed budget

An original budget is set at the beginning of the period based on the estimated level of activity. This is, then, flexed to correspond with the actual level of activity.

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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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