ch10 - CHAPTER 10 Budgetary Control and Responsibility...

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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
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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
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LOOM’S TAXONOMY TABLE 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.
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This note was uploaded on 04/11/2010 for the course BUSINESS FIN taught by Professor Sata during the Spring '10 term at A.T. Still University.

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ch10 - CHAPTER 10 Budgetary Control and Responsibility...

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