Question
Define budgetary control. State how "budgetary control” helps an entrepreneur?
✓
Answer
Budgetary control is a technique of managerial control in which all operations are planned in advance. In the form of budget actual performance is compared with standard performance. It also helps to achieve the organizational objective of an enterprises.
- Provides a source of motivation to employees and employers.
- It helps in optimum utilization of resources.
- It also helps to maintain the coordination among all the departments.
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Similar questions
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A beauty parlour had varying number of customers during 5 weeks. This information and the total weekly billing are in the following table. What are the 'unit of sale' and the unit price in this case? the cost of goods sold or variable cost is 60% of the sale price, calculate the 'unit cost' and the gross margin' per unit of sales.
|
Weeks
|
Number of customers
|
Total amount billed (₹)
|
Average amount billed (₹) per customer
|
|
Week 1
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10
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1,000
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100
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Week 2
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17
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85
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Week 3
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13
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Week 4
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Week 5
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Total
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