ACC00724 – Accounting for Managers 2015, S3
ASSIGNMENT 2 (30 MARKS)
Question 1 (20 marks)
Explain, using examples, why it is essential to create and use flexible budgets when evaluating past performance of a profit centre which manufactures and sells a product. What might be the objective of such a performance evaluation?
When preparing a cash budget for a manufacturing business for the following year, there may be many other budgets that will need to be ... More