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Written by:
Eugene J
Date added:
May 5, 2015
Level:
University
Grade:
B
No of pages / words:
3 / 673
Was viewed:
766 times
Rating of current essay:
Essay content:
Also, by using the “bottom-to-top” approach, lower-level managers are better able to provide more accurate budgetary estimates and more likely to perceive the resulting budget as fair. Effective budgeting is dependent upon a sound organizational structure, where authority and responsibility for all phases of operations are clearly established...
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Additionally, it should be accepted by all levels of management. Once implemented, this budget becomes an important basis for evaluating performance. Also, it helps to promote efficiency and to prevent potential future problems.
2.
Maintenance Costs Shirts sold
High- $1914 8000
Low- $1716 2000
($1914 – 1716) ? (8000 – 2000) = $0...
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