Describe the three methods to estimate sales required to break even
Assignment Details: I need help with 2 discussion posts.
Discussion Post #1-
Review Chapter 7 and 8 of Horngren’s Accounting: The Managerial Chapters (7th ed.) textbook.
Make sure your response addressing the following questions is more than 200 words, and that you include an in-text citation or a brief quote from the reading material where appropriate. Cite your sources in APA Style with in-text citations and a reference list.
Describe the three methods to estimate sales required to break even. For each of the three methods, include an example showing the calculations required.
In your posting, address the following points:
Discuss the benefits of using a master budget and benchmarking.
Explain the role of employee behavior on budget development, budgetary slack, and the importance of participative budgeting.
Describe one concept from this week’s learning that will help you in managing your own personal budget.
Reference
Miller-Nobles/Mattison. (2020). Horngren’s accounting: The managerial chapters (7th ed.). Pearson.
Discussion Post #2-
Review Chapter 7 and 8 of Horngren’s Accounting: The Managerial Chapters (7th ed.) textbook.
Make sure your response addressing the following questions is more than 200 words, and that you include an in-text citation or a brief quote from the reading material where appropriate. Cite your sources in APA Style with in-text citations and a reference list.
Explain when you would use a flexible budget.
Explain a standard costing system and its benefits.
Explain the variances used in the evaluation of standard costs.
Elaborate on the differences between flexible budgets and static budgets.
Explain the materials, labor, and overhead variances.
Reference
Miller-Nobles/Mattison. (2020). Horngren’s accounting: The managerial chapters (7th ed.). Pearson.
Paper Format: APA
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