Match the following terms with the descriptions provided below by placing the letter of the term in
Question:
Match the following terms with the descriptions provided below by placing the letter of the term in front of the description:
a. Manufacturing overhead budget
b. Budgetary slack
c. Budget committee
d. Top-down budgeting approach
e. Master budget
f. Sales budget
g. Objectives
h. Participatory budgeting
i. Strategic plan
j. Combined cash budget
k. Direct materials budget
l. Rolling forecast
m. Flexible budget
Transcribed Image Text:
Letter Description Budget that changes as a result of changes in activity Schedule of materials needed in production Document that predicts sales revenue for the upcoming period Process of developing a plan in which all levels of management assume an active role Document that establishes the company's direction, performance, strategic targets, financial targets, and how the company plans to execute its strategy in the current economic and competitive environment Results that management wants to achieve Tool used to coordinate and communicate management's plan and to guide the company to achieve the expected financial results Approach to budgeting in which upper-level management develops
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Related Book For
Managerial Accounting
ISBN: 9780137689453
1st Edition
Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope
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