Flexible Budgeting
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- Опубликовано: 4 июн 2024
- This video explains the concept of Flexible Budgeting in Managerial Accounting. A comprehensive example is provided to demonstrate how a flexible budget is created, and intuition is provided as to why a flexible budget is needed when the actual activity level differs from the budgeted activity level.
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How do you find units sold and variable costs for flexible budget when given actual and static numbers?
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I am still a little confused. The problem I got has a static budget and the actual results and I am supposed to make a flexible budget out of that. How can I do that? This problem does not have any Qs so I am stuck.
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5:00 for those of yo who are in a rush and would just like to see how the problem is done
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Dear,
Why the profit of the activity variance is Favourable?
I didn't get it ;(
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I am not sure if you still reply to the comments or not, but shouldn't revenue be 10p (10 dollars as mentioned in the video), instead of 10q? (That applies to revenue and variable expenses as well).
q is the number of customers. We are expecting 10,000 customers, and the revenue to be $10 per customer (10q). Thus, $10 * 10,000 customers = $100,000 budgeted revenue. Hope this helps!
For 10:19 is it not called an Adverse variance.
You legend
good
where the heck did you get the .25 from?
I made up the figure for purposes of this example
anyone know what the Q stands for? Thanks
quantity of customers
Flexbile Budgeting = Actual Units X Standard Cost per unit
Very simple problems. Actually problems they teach in class are not easy and on tests. You need to make a video when all those numbers are different and not divisible by 10
Why is popcorn and soda a multiple of the quantity and why is it our cost?
Is the theater providing them with the ticket, and we only expect 0.25 people to take the free popcorn?
The assumption is that each customer consume 0.25g of free popcorn.
I'm so confused... what is the difference between the flexible budget and the actual??
The activity level
George this is how i understood it.
Budget = what they planned for to happen, what they expected to happen
Flexible = what should have happened based on the actual activity/quantity level
very confusing, I still don't know the difference between the actual and the flexible budget
lynda ni shuilleabhain actual, are the actual costs that occured. Budget costs, are the costs you estimated for the year. All you have to do, is compare between budgeted costs and actual costs.
1) Actual budget containts (actual volume X actual CPU Cost per unit ), 2) Flexible BUdgeting (actual units X standard CPU Cost per unit)
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Anybody here cause of Coronavirus?
How do I calculate the total popcorn cost that should be included in the flexed budget?