--%>
Assignment Help - homework help

Flexible and fixed budgets

Give a brief contrast between flexible and fixed budgets?

E

Expert

Verified

1. A fixed budget is recognized for an exact level of activity while flexible budget is made for different levels of activity.

2. Fixed budget cannot be altered after the period begins, while a flexible budget can be altered after the period begins.

3. Fixed budget is more appropriate for fixed expenditures while flexible budget takes both fixed in addition to variable expenditures in account.

4. Fixed budget consists of only fixed costs, while a flexible budget consists of semi-variable costs, fixed costs and variable costs.

5. Fixed budget is mostly employed in preparation stage while flexible budget is employed in scheming stage.

   Related Questions in Financial Accounting

  • Q : Characteristics of Composite currency

    State the characteristics of the Composite currency bonds market instrument.

    		•
  • Q : Case study of a pharmaceutical group in

    The XYZ Group, a supplier of pharmaceutical equipment, systems and services, has its head office in London and primary production facilities in the US. The company also has a successful subsidiary in South Africa, which was established in 1990. XYZ South Africa does n

    		•
  • Q : Why farmers were angry at Railroad

    Why were farmers angry at the Railroad companies?

    		•
  • Q : Drawback of Electronic Funds Transfer

    What are the drawback of Electronic Funds Transfer?

    		•
  • Q : Foreign bonds and Eurobonds List some

    List some of the differences between the foreign bonds and Eurobonds and also describe why Eurobonds make up lion’s share of the international bond market.

    		•
  • Q : Accounting Treatment of Expenditures

    Describe the term Accounting Treatment of Expenditures? Why it is used.

    		•
  • Q : Prepare relevant ledger accounts

    Journalize the below transactions, prepare relevant ledger accounts and finally trial balance. . XYZ Pvt Ltd 01.01.2009 Started business

    		•
  • Q : Abatement The process of allocating the

    The process of allocating the arrears of estate assets to the distributions. Distributions from the estate proceed in a particular order starting with specific legacies, effusive legacies, general legacies, and finally residuary legacies. If legacies assets are not capable to meet the will's prov

    		•
  • Q : Interference of two light waves Find

    Find and make a graph of the light intensity distribution at the interference between 2 laser beams. The data parameter are : Question Each beam has a equal diameter of 20 micro meter The angle

    		•
  • Q : Imports and exports of U.S Give some

    Give some remark over the given statement: “As imports of the U.S. is more than its exports, it is essential for U.S. to import the capital from foreign countries in order to finance its current account deficits.”

    		•