Budgetary control


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FIXED BUDGET – CONT…

  • Time / Costs
  • Budgeted
  • Actual
  • Variance
  • 1st Quarter
  • RM180,000
  • RM179,000
  • RM1,000 (F)
  • 2nd Quarter
  • RM210,000
  • RM199,500
  • RM10,500 (F)
  • Total
  • RM390,000
  • RM387,500
  • RM11,500 (F)
  • The comparison shows favourable variance in both the quarters with a net effect of RM11,500 favourable variance, as a whole.
  • It can also be seen from the above that the activity levels are not defined and the comparison between actual and budgeted performance are based on purely monetary figures only.
  • Designed to projects budget data for various level of activity and it is a series of static budget at different level of activity.
  • Assist in decision-making where it facilitates the management to predict its performance against levels of activity through the impact of changes in variable costs and sales value.
  • Used high and low method to differentiate the elements of costs.
  • Will be used in performance reports to determine the performance of the company.
  • FLEXIBLE BUDGET

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