2 paragraphs

Anonymous
timer Asked: Jun 1st, 2018
account_balance_wallet $20

Question description

First Paragraph:

Describe in your own words how manufacturing companies utilize forecasting tools to develop a master budget. Provide a real-world example (with sources cited) of this production budgeting in action. This may be related to a company implementing a new budgeting tool, changing its methodology, dealing with a change in its supply chain, etc. (note there are plenty of business news articles on this topic).


Second Paragraph:


Favorable standard cost variances are always good and unfavorable variances are always bad.

Discuss this statement. Do you agree or disagree? Provide an example to support your position.

Tutor Answer

whgrab
School: Rice University

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Anonymous
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