February 25, 2014 | By drobbie |
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Dr. Eva Elijido-Ten 25 Unit cost is the total cost associated with the units produced divided by the number of units produced. Inventory valuation Income determination Providing input to a variety of decisions such as Pricing; Make or buy; Accept or reje
Flexible budgets A static budget is a budget for expected costs for a particular level of activity, usually the original sales forecast or budget. A flexible budget is a detailed plan for controlling costs that is valid for a range of levels of activity. It is a budget for expected costs for a range of activity levels.