Static Budget: The budget that remains same throughout the period irrespective of the change in actual activity level is known as Static budget. The static planning budget.

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Answer 1

Question

Chapter 9, Problem 1Q

To determine

Static Budget: The budget that remains same throughout the period irrespective of the change in actual activity level is known as Static budget.

The static planning budget.

Expert Solution & Answer

Answer to Problem 1Q

Solution: The budget which is prepared based on the budgeted sales volume and does not change as the volume changes due to actual behavior of sales called a static planning budget. A static budget is fixed in nature which is prepared based on the estimation and remains the same even if the real activity increases or decreases.

Explanation of Solution

In simple words, it is an estimation of incomes and expenses regarding future course of business activities. Static budget is prepared based on historical operational data and objectives of the business operation. It is prepared with the motives of planning the sales operations and guiding the flow of the business.

Given: What is a static planning budget?

Conclusion

Static budget is the planned operation which is prepared at one level of activity and remains the same even if actual results are greater or smaller than the planned. It is used as an evaluation measure to determine the difference between the budgeted sales volume and actual sale result of the company.

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ABF's metal spare parts manufacturing company uses the customised production method by attributing the GST to the products it produces with the help of predetermined attribution coefficients. The processing of metal parts is carried out in two production departments: the Cutting and Drilling department, and the Assembly department. The GIS attribution coefficients for the two departments are based on the operating hours of machines and the cost of direct work respectively. At the beginning of the year, the following budgets were implemented: Cutting and Drilling Department Assembly Department Direct Labor Costs (in euros) 1.320.000 2.000.000 G.B.E. (in euros) 4.800.000 2.400.000 Machinery Operating Hours 80.000 5.000 Direct Work Hours 27.000 12.000 Requested: To calculate the coefficient of attribution of the General Secretariat that will be used in each department. (4 units) To determine the production cost per unit for order 158 which…

Answer 2

Question

Chapter 9, Problem 1Q

To determine

Static Budget: The budget that remains same throughout the period irrespective of the change in actual activity level is known as Static budget.

The static planning budget.

Expert Solution & Answer

Answer to Problem 1Q

Solution: The budget which is prepared based on the budgeted sales volume and does not change as the volume changes due to actual behavior of sales called a static planning budget. A static budget is fixed in nature which is prepared based on the estimation and remains the same even if the real activity increases or decreases.

Explanation of Solution

In simple words, it is an estimation of incomes and expenses regarding future course of business activities. Static budget is prepared based on historical operational data and objectives of the business operation. It is prepared with the motives of planning the sales operations and guiding the flow of the business.

Given: What is a static planning budget?

Conclusion

Static budget is the planned operation which is prepared at one level of activity and remains the same even if actual results are greater or smaller than the planned. It is used as an evaluation measure to determine the difference between the budgeted sales volume and actual sale result of the company.

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Answer 3

Question

Chapter 9, Problem 1Q

To determine

Static Budget: The budget that remains same throughout the period irrespective of the change in actual activity level is known as Static budget.

The static planning budget.

Expert Solution & Answer

Answer to Problem 1Q

Solution: The budget which is prepared based on the budgeted sales volume and does not change as the volume changes due to actual behavior of sales called a static planning budget. A static budget is fixed in nature which is prepared based on the estimation and remains the same even if the real activity increases or decreases.

Explanation of Solution

In simple words, it is an estimation of incomes and expenses regarding future course of business activities. Static budget is prepared based on historical operational data and objectives of the business operation. It is prepared with the motives of planning the sales operations and guiding the flow of the business.

Given: What is a static planning budget?

Conclusion

Static budget is the planned operation which is prepared at one level of activity and remains the same even if actual results are greater or smaller than the planned. It is used as an evaluation measure to determine the difference between the budgeted sales volume and actual sale result of the company.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 9, Problem 1Q

To determine

Static Budget: The budget that remains same throughout the period irrespective of the change in actual activity level is known as Static budget.

The static planning budget.

Expert Solution & Answer

Answer to Problem 1Q

Solution: The budget which is prepared based on the budgeted sales volume and does not change as the volume changes due to actual behavior of sales called a static planning budget. A static budget is fixed in nature which is prepared based on the estimation and remains the same even if the real activity increases or decreases.

Explanation of Solution

In simple words, it is an estimation of incomes and expenses regarding future course of business activities. Static budget is prepared based on historical operational data and objectives of the business operation. It is prepared with the motives of planning the sales operations and guiding the flow of the business.

Given: What is a static planning budget?

Conclusion

Static budget is the planned operation which is prepared at one level of activity and remains the same even if actual results are greater or smaller than the planned. It is used as an evaluation measure to determine the difference between the budgeted sales volume and actual sale result of the company.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 9, Problem 1Q

To determine

Static Budget: The budget that remains same throughout the period irrespective of the change in actual activity level is known as Static budget.

The static planning budget.

Expert Solution & Answer

Answer to Problem 1Q

Solution: The budget which is prepared based on the budgeted sales volume and does not change as the volume changes due to actual behavior of sales called a static planning budget. A static budget is fixed in nature which is prepared based on the estimation and remains the same even if the real activity increases or decreases.

Explanation of Solution

In simple words, it is an estimation of incomes and expenses regarding future course of business activities. Static budget is prepared based on historical operational data and objectives of the business operation. It is prepared with the motives of planning the sales operations and guiding the flow of the business.

Given: What is a static planning budget?

Conclusion

Static budget is the planned operation which is prepared at one level of activity and remains the same even if actual results are greater or smaller than the planned. It is used as an evaluation measure to determine the difference between the budgeted sales volume and actual sale result of the company.

Answer 6

Chapter 9, Problem 1Q

To determine

Static Budget: The budget that remains same throughout the period irrespective of the change in actual activity level is known as Static budget.

The static planning budget.

Expert Solution & Answer

Answer to Problem 1Q

Solution: The budget which is prepared based on the budgeted sales volume and does not change as the volume changes due to actual behavior of sales called a static planning budget. A static budget is fixed in nature which is prepared based on the estimation and remains the same even if the real activity increases or decreases.

Explanation of Solution

In simple words, it is an estimation of incomes and expenses regarding future course of business activities. Static budget is prepared based on historical operational data and objectives of the business operation. It is prepared with the motives of planning the sales operations and guiding the flow of the business.

Given: What is a static planning budget?

Conclusion

Static budget is the planned operation which is prepared at one level of activity and remains the same even if actual results are greater or smaller than the planned. It is used as an evaluation measure to determine the difference between the budgeted sales volume and actual sale result of the company.

Answer 7

Chapter 9, Problem 1Q

To determine

Static Budget: The budget that remains same throughout the period irrespective of the change in actual activity level is known as Static budget.

The static planning budget.

Answer 8

Expert Solution & Answer

Answer to Problem 1Q

Solution: The budget which is prepared based on the budgeted sales volume and does not change as the volume changes due to actual behavior of sales called a static planning budget. A static budget is fixed in nature which is prepared based on the estimation and remains the same even if the real activity increases or decreases.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

In simple words, it is an estimation of incomes and expenses regarding future course of business activities. Static budget is prepared based on historical operational data and objectives of the business operation. It is prepared with the motives of planning the sales operations and guiding the flow of the business.

Given: What is a static planning budget?

Answer 12

Conclusion

Static budget is the planned operation which is prepared at one level of activity and remains the same even if actual results are greater or smaller than the planned. It is used as an evaluation measure to determine the difference between the budgeted sales volume and actual sale result of the company.