flexible budgeting – NBC Institute

MI – May 2024 – L1 – SA – Q5 -Budgeting

Identifies the budgeting process that adjusts costs based on activity levels.

Question

A budgeting process that analyses costs into their fixed and variable elements using the actual activity levels is referred to as:

A. Fixed Budgeting
B. Flexible Budgeting
C. Activity Based Budgeting
D. Zero Based Budgeting
E. Marginal Costing

Answer

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Tags: Budgeting Techniques, Cost Analysis, flexible budgeting, Marginal Costing
Level: Level 1

Topic: Budgeting
Series: MAY 2024

MA – Nov 2018 – L2 – Q2a – Relevant cost and revenue

Discuss the relevance of classifying costs as fixed or variable in decision-making processes, with a focus on their relevance or irrelevance to decisions.

Question

Costs may be classified as fixed or variable. This classification method is useful for decision-making because variable costs are relevant costs whereas fixed costs are irrelevant.

Required:
Explain this statement.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgetary Control, flexible budgeting, operating budgets, Sales Variance, Variance Analysis
Level: Level 2

Topic: Relevant Cost and Revenue
Series: NOV 2018

MI – May 2024 – L1 – SA – Q5 -Budgeting

Identifies the budgeting process that adjusts costs based on activity levels.

Question

A budgeting process that analyses costs into their fixed and variable elements using the actual activity levels is referred to as:

A. Fixed Budgeting
B. Flexible Budgeting
C. Activity Based Budgeting
D. Zero Based Budgeting
E. Marginal Costing

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgeting Techniques, Cost Analysis, flexible budgeting, Marginal Costing
Level: Level 1

Topic: Budgeting
Series: MAY 2024

MA – Nov 2018 – L2 – Q2a – Relevant cost and revenue

Discuss the relevance of classifying costs as fixed or variable in decision-making processes, with a focus on their relevance or irrelevance to decisions.

Question

Costs may be classified as fixed or variable. This classification method is useful for decision-making because variable costs are relevant costs whereas fixed costs are irrelevant.

Required:
Explain this statement.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Budgetary Control, flexible budgeting, operating budgets, Sales Variance, Variance Analysis
Level: Level 2

Topic: Relevant Cost and Revenue
Series: NOV 2018

Question Tag: flexible budgeting

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MI – May 2024 – L1 – SA – Q5 -Budgeting

Identifies the budgeting process that adjusts costs based on activity levels.

MA – Nov 2018 – L2 – Q2a – Relevant cost and revenue

Discuss the relevance of classifying costs as fixed or variable in decision-making processes, with a focus on their relevance or irrelevance to decisions.

MI – May 2024 – L1 – SA – Q5 -Budgeting

Identifies the budgeting process that adjusts costs based on activity levels.

MA – Nov 2018 – L2 – Q2a – Relevant cost and revenue

Discuss the relevance of classifying costs as fixed or variable in decision-making processes, with a focus on their relevance or irrelevance to decisions.

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Question Tag: flexible budgeting

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MI – May 2024 – L1 – SA – Q5 -Budgeting

Identifies the budgeting process that adjusts costs based on activity levels.

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MA – Nov 2018 – L2 – Q2a – Relevant cost and revenue

Discuss the relevance of classifying costs as fixed or variable in decision-making processes, with a focus on their relevance or irrelevance to decisions.

You're reporting an error for "MA – Nov 2018 – L2 – Q2a – Relevant cost and revenue"

MI – May 2024 – L1 – SA – Q5 -Budgeting

Identifies the budgeting process that adjusts costs based on activity levels.

You're reporting an error for "MI – May 2024 – L1 – SA – Q5 -Budgeting"

MA – Nov 2018 – L2 – Q2a – Relevant cost and revenue

Discuss the relevance of classifying costs as fixed or variable in decision-making processes, with a focus on their relevance or irrelevance to decisions.

You're reporting an error for "MA – Nov 2018 – L2 – Q2a – Relevant cost and revenue"

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