Chapter+9+Discussion+Questions+-+SV

Chapter+9+Discussion+Questions+-+SV - labor budget? 10. The...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 9 – Profit Planning - Discussion Questions 1. How are budgets used in the planning and control functions? 2. What is a strategic plan, and how does it relate to short and long term goals? 3. What is a master budget? What are the components of an operating budget? Of a  financial budget? 4. What are two advantages of budgeting? 5. All budgets depend on the sales budget.  Is this true?  Explain. 6. How is the sales budget calculated? 7. How is the production budget calculated? 8. Which budget is prepared in units only?  Why? 9. How do you convert the production budget for the raw materials budget? The direct 
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: labor budget? 10. The overhead budget is broken down into what two components? 11. What does the ending finished goods budget provide? 12. What is the starting point for the selling and administrative budget? 13. The financial budgets consist of what three budgets? 14. What are the basic components of a cash budget? 15. What type of items will you NOT find on a cash budget? 16. What is participative budgeting? Discuss some of its advantages. 17. Describe two different behaviors that can adversely affect the budgeting process....
View Full Document

This note was uploaded on 10/13/2011 for the course ACCT 2361 taught by Professor Severance during the Spring '08 term at Texas State.

Ask a homework question - tutors are online