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ACC 2415 Fund of Managerial Accounting Chapter 22: Budgetary Planning FINAL EXAM State the essentials of effective budgeting and the components of the master budget.
ACC 2415 Fund of Managerial Accounting
Chapter 22: Budgetary Planning FINAL EXAM
- State the essentials of effective budgeting and the components of the master budget.
- Prepare budgets for sales, production, and direct materials.
- Prepare budgets for direct labor, manufacturing overhead, and selling and administrative expenses, and a budgeted income statement.
- Prepare a cash budget and a budgeted balance sheet.
- Apply budgeting principles to nonmanufacturing companies.
Chapter 23: Budgetary Control and Responsibility Accounting FINAL EXAM
- Describe budgetary control and static budget reports.
- Prepare flexible budget reports.
- Apply responsibility accounting to cost and profit centers.
- Evaluate performance in investment centers.
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