Flexible budgets, variances and Mgt. control
7 important questions on Flexible budgets, variances and Mgt. control
Favourable variance (F)
Unfavourable variance (U)
Oorzaken Prijs- en Efficiencyverschillen
1. Onderhandelingsresultaat
2. Inkoopvolume
3. Marktomstandigheden
4. Onvoldoendeinzicht in de markt
Efficiencyverschillen
1. Ervaringpersoneel
2. Planning
3. Onvoldoende inzicht in condities en ervaring
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How to determine input (prices and quantities)
2. Standards developed by the company
Advantages to a budget based on standard amounts
2. They can take into account expected changes in the budget period.
Interpreting Price and Efficiency variances
Continuous improvement budgeted cost
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