{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ch10 - CHAPTER 10 Budgetary Control and Responsibility...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 10 Budgetary Control and Responsibility Accounting ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Describe the concept of budgetary control. 1, 2 1 2. Evaluate the usefulness of static budget reports. 3, 4, 5 1, 2 1, 2, 8 3A 3B 3. Explain the development of flexible budgets and the usefulness of flexible budget reports. 6, 7, 8, 9, 10, 11, 12 3, 4, 5 1, 3, 4, 5, 6, 7, 8, 9, 10 1A, 2A, 3A 1B, 2B, 3B 4. Describe the concept of responsibility accounting. 13, 14, 15, 16, 17, 18, 24 11 6A 5. Indicate the features of responsibility reports for cost centers. 19 6 7, 9, 12 6. Identify the content of responsibility reports for profit centers. 20, 21 7 13, 14 4A 4B 7. Explain the basis and formula used in evaluating performance in investment centers. 22, 23, 24 8, 9, 10 14, 15, 16, 17 5A 5B *8. Explain the difference between ROI and residual income. 25, 26 11, 12 18, 19 7A *Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter. © 2008 For Instructor Use Only 10-1
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare flexible budget and budget report for manufacturing overhead. Simple 20–30 2A Prepare flexible budget, budget report, and graph for manufacturing overhead. Moderate 30–40 3A State total budgeted cost formula, and prepare flexible budget reports for two time periods. Simple 20–30 4A Prepare responsibility report for a profit center. Moderate 20–30 5A Prepare responsibility report for an investment center, and compute ROI. Moderate 40–50 6A Prepare reports for cost centers under responsibility accounting, and comment on performance of managers. Moderate 40–50 *7A Compare ROI and residual income. Moderate 35–45 1B Prepare flexible budget and budget report for manufacturing overhead. Simple 20–30 2B Prepare flexible budget, budget report, and graph for manufacturing overhead. Moderate 30–40 3B State total budgeted cost formula, and prepare flexible budget reports for two time periods. Simple 20–30 4B Prepare responsibility report for a profit center. Moderate 20–30 5B Prepare responsibility report for an investment center, and compute ROI. Moderate 40–50 © 2008 For Instructor Use Only 10-2
Image of page 2
BLOOM’S TAXONOMY TABLE © 2008 For Instructor Use Only Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Describe the concept of budgetary control. E10-1 Q10-1 Q10-2 2. Evaluate the usefulness of static budget reports. E10-1 Q10-3 Q10-4 Q10-5 BE10-1 BE10-2 E10-2 P10-3A P10-3B E10-8 3. Explain the development of flexible budgets and the usefulness of flexible budget reports. Q10-9 Q10-12 E10-1 Q10-6 Q10-7 Q10-8 Q10-10 Q10-11 BE10-4 E10-3 E10-5 E10-7 E10-9 E10-10 BE10-5 E10-4 E10-6 P10-1A P10-3A P10-1B P10-3B BE10-3 E10-8 P10-2A P10-2B 4. Describe the concept of responsibility accounting.
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern