Tools for Enterprise Performance Evaluation Budgeting and Decision Making

SkousenTools for Enterprise Performance Evaluation Budgeting and Decision Making Download free books at... Download free eBooks at bookboon.com2 Larry M.. Walther Tools for Enterprise Pe

Larry M Walther; Christopher J Skousen

Tools for Enterprise Performance Evaluation

Budgeting and Decision Making

Download free books at

Download free eBooks at bookboon.com

2

Larry M Walther

Tools for Enterprise Performance

Evaluation

Budgeting and Decision Making

Download free eBooks at bookboon.com

3

Tools for Enterprise Performance Evaluation: Budgeting and Decision Making

1st edition

© 2010 Larry M Walther, under nonexclusive license to Christopher J Skousen &

bookboon.com All material in this publication is copyrighted, and the exclusive property

of Larry M Walther or his licensors (all rights reserved).

ISBN 978-87-7681-575-2

Download free eBooks at bookboon.com

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Tools for Enterprise Performance Evaluation

4

Contents

Contents

Tools for Enterprise Performance Evaluation 7

1 Responsibility Accounting and Management by Exception 8

1.1 Centralized VS Decentralized Decision-Making 8

1.9 Traceable Versus Common Fixed Costs 16

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Tools for Enterprise Performance Evaluation

5

Contents

2 Flexible Budgets 17

2.1 Flexible Budget for Performance Evaluations 18

2.3 Flexible Budgets and Eiciency of Operation 19

4 Variance Analysis 23

4.1 Variances Relating to Direct Materials 24

4.2 An Illustration of Direct Material Variance Calculations 25

4.3 Journal Entries for Direct Material Variances 27

4.4 When Purchases Difer From Usage 28

4.5 Variances Relating to Direct Labor 28

4.6 An Illustration of Direct Labor Variance Calculations 29

4.7 Journal Entries for Direct Labor Variances 31

360°

thinking

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