chapter_25 - CHAPTER 25 Budgetary Control and...

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25-1 CHAPTER 25 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, 12 2. Evaluate the usefulness of static budget reports. 3, 4, 5, 6, 7, 8 1, 2 6 3A 3B 3. Explain the development of flexible budgets and the usefulness of flexible budget reports. 6, 7, 8, 9, 10, 11 3, 4, 5 1, 2, 3, 4, 5, 6, 7 1A, 2A, 3A 1B, 2B, 3B 4. Describe the concept of responsibility accounting. 12, 13, 14, 15, 16, 17, 24 86 A 5. Indicate the features of responsibility reports for cost centers. 18, 19 6 5 6. Identify the content of responsibility reports for profit centers. 20, 21 7 9 4A 4B 7. Explain the basis and formula used in evaluat- ing performance in in- vestment centers. 22, 23, 24 8, 9, 10 10 5A 5B
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25-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare flexible budget and budget report for manufac- turing 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 manufac- turing 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 25-3 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. Q25-12 Q25-1 Q25-2 2. Evaluate the usefulness of static budget reports. Q25-3 Q25-4 Q25-5 Q25-6 Q25-7 Q25-8 BE25-1 BE25-2 P25-3A P25-3B E25-6 3. Explain the development of flexible budgets and the usefulness of flexible budget reports. Q25-9 Q25-10 Q25-11 BE25-4 E25-1 E25-3 E25-5 E25-7 BE25-5 E25-2 E25-4 P25-1A P25-1B BE25-3 P25-2A P25-2B 4. responsibility accounting. Q25-13 Q25-14 Q25-15 Q25-16 Q25-17 Q25-24 E25-8 P25-6A 5. Indicate the features of re- sponsibility reports for cost centers. Q25-19 Q25-18 BE25-6 6. Identify the content of responsibility reports for profit centers. Q25-20 Q25-21 BE25-7 E25-9 P25-4A P25-4B 7. Explain the basis and for- mula used in evaluating performance in investment centers. Q25-22 Q25-23 BE25-8 BE25-9 BE25-10 E25-10 P25-5A P25-5B Broadening Your Perspective Exploring the Web Real-World Focus Ethics Case Communication Manag. Analysis Group Decision
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25-4 ANSWERS TO QUESTIONS 1. (a) Budgetary control is the use of budgets in controlling operations.
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This note was uploaded on 11/25/2010 for the course ACCT 212 taught by Professor Luna during the Spring '09 term at DeAnza College.

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chapter_25 - CHAPTER 25 Budgetary Control and...

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