ResearchBib Share Your Research, Maximize Your Social Impacts
Sign for Notice Everyday Sign up >> Login

'FLEXIBLE' BUDGETS ARE ALREADY BUDGETING PROCESS ANALYSIS OF PRODUCTION COSTS FOR OIL AND FAT ENTERPRISES

Journal: Bulletin of Taras Shevchenko National University of Kyiv. Economics (Vol.153, No. 12)

Publication Date:

Authors : ; ;

Page : 114-118

Keywords : “Responsibility centers”; fixed costs; variable costs; cost units; “Flexible” budgets;

Source : Downloadexternal Find it from : Google Scholarexternal

Abstract

The problems of methodological fundamentals of managerial accounting of manufacturing costs in information provision for budgeting, not only at the enterprise level, but also as it is required by current conditions of advanced control, in the context of structural production units of “responsibility centers” using “flexible” budgets, which are prepared during the manufacturing process are examined. Unlike a simple comparison of the regular budgets (scheduled amount of work divided by regulatory costs per unit), “flexible” budget makes adjustments to the planned budget because it represents the actual amount of work divided by regulatory costs, which is included with the comparison of the amount of work that are not fulfilled, or carried to a greater or lesser extent compared with the expected budget. Thus, “Flexible” budgets reveal the actual extent of the changes compared with the expected budget.

Last modified: 2016-08-10 21:25:34