Where budget targets have proven to be unrealistically optimistic, management is best advised to:
A) revise budgets to match actual results.
B) revise budgets into the realm of achievability.
C) insist that junior management conform to budgets.
D) ignore budgets and allow managers to use their own initiative.
Correct Answer:
Verified
Q63: Where there is an insignificant adverse variance,
Q64: If budgeted profit is $11,000, favourable variances
Q65: Prepare a flexible cost budget for
Q66: An adverse (unfavourable)labour efficiency variance could be
Q67: What variance does the difference between the
Q69: Which budget criticism can be dealt with
Q70: Where there is a significant favourable variance
Q71: Budget targets should be:
A)unachievable so that there
Q72: Use the information below to answer
Q73: The original budget was set at 15,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents