What is the internal rate of return of Butner Inc?
Butner Inc. requires all capital investments to generate an internal rate of return of 14%.
What is a budget built from the ground up each year rather than by simply adding a percentage increase to last year
A budget built from the ground up each year rather than by simply adding a percentage increase to last year's numbers is called: a zero-based budget. The alignment of the personal goals of the managers of an organization with the goals of the organization is called: goal congruence.
What is a budget that is established at the beginning of the period and not adjusted for different levels of actual sales activity
A budget that is established at the beginning of the period and not adjusted for different levels of actual sales activity is called a: static Budget. A budget that budgets costs for the actual number of units produced is called a: flexible budget.
How much did direct materials cost in April?
Actual production during April was 1,900 units and actual direct materials cost was $4,940. If the company prepares a flexible budget for April, the projected direct materials cost would be: $4,750. A budget for a single unit of a product or service is called as a: a standard cost.
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