Flexible Budget:- Flexible Budget is a budget which recognize the difference in behavior between fixed and variable costs in relation to fluctuation in output, turnover, or other variable factors, etc. it is designed to change in relation to the level of activity actually attained. :- Raw Material Cost to be included in company’s flexible budget.

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General accounting

Answer 1

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 10, Problem 2F15

To determine

Flexible Budget:- Flexible Budget is a budget which recognize the difference in behavior between fixed and variable costs in relation to fluctuation in output, turnover, or other variable factors, etc. it is designed to change in relation to the level of activity actually attained.

:-

Raw Material Cost to be included in company’s flexible budget.

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Answer 2

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Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 10, Problem 2F15

To determine

Flexible Budget:- Flexible Budget is a budget which recognize the difference in behavior between fixed and variable costs in relation to fluctuation in output, turnover, or other variable factors, etc. it is designed to change in relation to the level of activity actually attained.

:-

Raw Material Cost to be included in company’s flexible budget.

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Answer 3

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 10, Problem 2F15

To determine

Flexible Budget:- Flexible Budget is a budget which recognize the difference in behavior between fixed and variable costs in relation to fluctuation in output, turnover, or other variable factors, etc. it is designed to change in relation to the level of activity actually attained.

:-

Raw Material Cost to be included in company’s flexible budget.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 4

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 10, Problem 2F15

To determine