ch23 - CHAPTER 23 Budgetary Planning ASSIGNMENT...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
23-1 CHAPTER 23 Budgetary Planning ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Indicate the benefits of budgeting. 1, 2, 4 1 2. State the essentials of effective budgeting. 3, 5, 6, 7, 8 1 3. Identify the budgets that comprise the master budget. 9, 10, 11, 12, 13, 14, 15, 16 1, 2, 3, 4, 5, 6, 7 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 1A, 2A, 3A 1B, 2B, 3B 4. Describe the sources for preparing the budgeted income statement. 17, 18 8 11 1A, 2A, 3A, 6A 1B, 2B, 3B 5. Explain the principal sections of a cash budget. 19, 20 9 12, 13, 14 15, 16 4A, 6A 4B 6. Indicate the applicability of budgeting in non- manufacturing companies. 21, 22 10 3, 15, 16, 17 5A 5B
Background image of page 1

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

View Full DocumentRight Arrow Icon
23-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare budgeted income statement and supporting budgets. Simple 30–40 2A Prepare sales, production, direct materials, direct labor, and income statement budgets. Simple 40–50 3A Prepare sales and production budgets and compute cost per unit under two plans. Moderate 30–40 4A Prepare cash budget for two months. Moderate 30–40 5A Prepare purchases and income statement budgets for a merchandiser. Simple 30–40 6A Prepare budgeted income statement and balance sheet. Complex 40–50 1B Prepare budgeted income statement and supporting budgets. Simple 30–40 2B Prepare sales, production, direct materials, direct labor, and income statement budgets. Simple 40–50 3B Prepare sales and production budgets and compute cost per unit under two plans. Moderate 30–40 4B Prepare cash budget for two months. Moderate 30–40 5B Prepare purchases and income statement budgets for a merchandiser. Simple 30–40
Background image of page 2
BLOOM’S TAXONOMY TABLE 23-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Indicate the benefits of budgeting. Q23-1 Q23-2 Q23-4 E23-1 2. State the essentials of effective budgeting. Q23-3 Q23-5 Q23-6 Q23-7 Q23-8 3. Identify the budgets that comprise the master budget. Q23-9 Q23-10 Q23-11 Q23-12 Q23-13 Q23-14 Q23-15 Q23-16 BE23-2 BE23-3 BE23-4 BE23-5 BE23-6 BE23-7 E23-2 E23-3 E23-4 E23-5 E23-6 E23-7 E23-8 E23-9 E23-10 E23-11 P23-1A P23-2A P23-1B P23-2B BE23-1 P23-3A P23-3B 4. Describe the sources for preparing the budgeted income statement. Q23-18 Q23-17 BE23-8 P23-6A 5. Explain the principal sections of a cash budget. Q23-19 Q23-20 BE23-9 E23-12 E23-13 E23-14 E23-15 E23-16 P23-4A P23-4B 6. Indicate the applicability of budgeting in non-manufacturing companies. Q23-21 Q23-22 BE23-10 E23-17 P23-5A P23-5B Broadening Your Perspective Real-World Focus All About You Manag. Analysis Communication Decision Making Across the Organization Ethics Case
Background image of page 3

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

View Full DocumentRight Arrow Icon
23-4 ANSWERS TO QUESTIONS 1. (a) A budget is a formal written statement of management’s plans for a specified future time period, expressed in financial terms.
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 60

ch23 - CHAPTER 23 Budgetary Planning ASSIGNMENT...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online