Budgets provide financial objectives to achieve. If actual operations results do not meet the budgeted objectives, it may indicate inefficiency or ineffectiveness of the operations. Therefore, the managers should pay attention to the business activities which fail to meet the budgeted goals and be accountable for significant deviations. Which of the following is best explained by the above statements? Operating budgets Zero-based budgeting Budgetary control Capital budgeting
1) Budgets provide financial objectives to achieve. If actual operations results do not meet the budgeted objectives, it may indicate inefficiency or ineffectiveness of the operations. Therefore, the managers should pay attention to the business activities which fail to meet the budgeted goals and be accountable for significant deviations.
Which of the following is best explained by the above statements?
2) Glacier Trails manufactures backpacks for adventurers. The backpacks come in two types: Daytripper, and Excursion. Glacier anticipates the following sales volumes for the coming period:
Daytripper: 2,000 backpacks
Excursion: 1,200 backpacks
Desired ending inventory for Daytripper and Excursion are 30 and 50 units respectively. In the beginning of the budget year, Glacier expects to have 10 Daytripper and 15 Excursion backpacks. What would be the production budgets for Daytripper and Excursion?
What is the
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