ch24 - CHAPTER 24 Budgetary Control and Responsibility...

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24-1 CHAPTER 24 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
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24-2 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 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
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BLOOM’S TAXONOMY TABLE 24-3 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. E24-1 Q24-1 Q24-2 2. Evaluate the usefulness of static budget reports. Q24-3 Q24-4 Q24-5 BE24-1 BE24-2 E24-2 P24-3A P24-3B E24-8 3. Explain the development of flexible budgets and the usefulness of flexible budget reports. Q24-9 Q24-12 Q24-6 Q24-7 Q24-8 Q24-10 Q24-11 BE24-4 E24-3 E24-5 E24-7 E24-9 E24-10 BE24-5 E24-4 E24-6 P24-1A P24-1B BE24-3 P24-2A P24-2B 4. Describe the concept of responsibility accounting. Q24-13 Q24-14 Q24-15 Q24-16 Q24-17 Q24-18 Q24-24 E24-11 P24-6A 5. Indicate the features of responsibility reports for cost centers. Q24-19 BE24-6 E24-12 6. Identify the content of for profit centers. Q24-20 Q24-21 BE24-7 E24-14 E24-13 P24-4A P24-4B 7. Explain the basis and formula used in evaluating performance in investment centers. Q24-22 Q24-23 BE24-8 BE24-9 BE24-10 E24-15 E24-16 E24-17 P24-5A P24-5B Broadening Your Perspective Exploring the Web Real-World Focus Ethics Case Communication Manag. Analysis Decision Making
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ch24 - CHAPTER 24 Budgetary Control and Responsibility...

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