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Variance analysis can be useful in nonmanufacturing entities, especially when tasks are repetitive in nature. This allows management to analyze costs and make decisions to avoid higher expenses. In addition to the previous example involving housekeeping and hotels, can you think of any service-type repetitive tasks that could benefit from management analysis? Please respond to at least one classmate and cite at least one reference (can use your book as one reference).

indicate yes if it describes a potential benefit of budgeting orno if it describes a potential negative outcome of budgeting. Some employees might overstate expenses in budgets.

At office party Joe discusses budgets for an upcoming project his department is working on. He shares specific cost estimates with John, a manager of a competing department in which Joe has applied to transfer. Which, if any, ethical standards did Joe violate? O Competence - failure to maintain an appropriate level of expertise O Credibility - failure to communicate professional limitations. O Credibility - failure to communicate information fairly and objectively. O Integrity - failing to create a positive ethical culture O Competence - failure to perform duties in accordance with laws and regulations. Confidentiality - failure to refrain from using information for an unethical advantage.

Management accountants must try to implement systems that are acceptable to budget stakeholders to produce positive effects. Now, as a management accountant, choose three (3) negative attitudes, explain them and write yourr ecommendations on how you will address these negative attitudes from a management’s perspective. It couldi ether be a policy that the management will implement or an action that will be undertaken by management to counteract the negative attitude.

All of the following statements regarding standards are accurate except: a. Standards allow management to budget at a per-unit level. b. Ideal standards account for a minimal amount of normal spoilage. c. Participative standards usually take longer to implement than authoritative standards. d. Currently attainable standards take into account the level of training available to employees.

Please solve this General accounting questions step by step

Budgeting can be an important management tool if implemented properly. Identify several positive results when budgets are used properly. Since budgets affect people, identify several negative aspects if budgets are not implemented properly. Additionally, please discuss in detail how the budgeting process is essential to managers.

Which of the following statements are TRUE? I.   Responsibility accounting attempts to assign blame for problems to a specific manager.II.  One benefit of a budget is that it helps managers gather relevant information for improving future performance.III. Challenging budgets tend to motivate improved performance.IV.  Controllability may be difficult to pinpoint because some costs are the result of the market, not the manager.

Which of the following statements are TRUE? 1. Responsibility accounting attempts to assign blame for problems to a specific manager. 11. One benefit of a budget is that it helps managers gather relevant information for improving future performance. III. Challenging budgets tend to motivate improved performance. IV. Controllability may be difficult to pinpoint because some costs are the result of the market, not the manager. a) I, III, and IV are true. b) I and IV are true c) II, III, and IV aregrue. d) All statements are true

True or False   1. Budgets should not be used to motivate and reward employees.   2. Budgets play an important communication role within organizations. They provide a mechanism for managers to share expectations and priorities for the future.   3. Budgets also provide useful benchmarks for evaluating and rewarding employee performance.

Select - Paragraph Styles 8. Which of the following is the best way to compensate for inadequate segregation of duties? Editing a. Direct involvement of owners in key functions. b. Maintaining sound recruiting schemes. c. Giving chronological numbers for all source documents. d. Preparing budgets and performance reports. 9. Which of the following is an example of reducing uncertainty by which information improves decision making? a. A cost report with large variances. b. Setting prices and determining credit policies. c. Selecting a new marketing strategy due to the failure of a particular strategy. d. None of the above. 10. The proliferation of master files results in: a significant increase in the number of master files that organization created. b. the advantage to obtain an organization-wide view of the data. c. the advantage to effectively integrate data stored in different files. d. that different data were stored in two or more separate master file. a. 11. Which of the following…

What are some characteristics of performance-based budgeting? What are some advantages and disadvantages of performance-based budgeting?  How does the organization you selected incorporate performance-based budgeting?  If the organization you selected does not incorporate performance-based budgeting, how does the organization reflect or incorporate program outcomes to the budget?  When responding to classmates, compare the organization you chose to theirs. Is one organization more successful at describing their strategic plan and aligning their budget to reflect outcomes? Why or why not?