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Using Budgets


Benefits of using budgets

1. Controlling finances
Using a budget can control your finances such as expenditure for
example by allocating a budget to a department they are able to
work towards meeting the budget and employees are given a
responsibility to meet to the objective. It can…

Page 2

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CAUSE OF FAVOURABLE VARIANCES

A cause of a favourable variance is that competitors have bad
publicity over their products, therefore boosts sales above
target levels.
Lower interest rates therefore a rise in sales.


CAUSE OF ADVERSE VARIANCES

Competitors are offering special price deals therefore
customers are inclined to buy on…

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