‘Public sector organizations are often judged by their economy, efficiency and effectiveness. Consequently, they should use an approach to budgeting other than incremental budgeting.’
Explain ONE advantage and TWO disadvantages of public sector organizations using incremental budgeting.
Select all true statements.
A company makes and sells three products A, B and C. The products are sold in the ratio of A:B:C = 1:1:4.
Monthly fixed costs are $150,000. Product details are shown below:
What sales value of product C is required to achieve a target profit of $72,000 next month?
Give your answer to the nearest whole $ (in '000s).
An ice cream manufacturer experiences regular fluctuations in sales.
Which component in a time series do these fluctuations represent?
In a manufacturing company, breakeven occurs at which TWO of the following?