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QUESTION 1 ( 1 0 marks; 1 8 minutes ) Identify each item as an advantage or disadvantage of budgeting. 1 . 1 Pseudoparticipation (
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Identify each item as an advantage or disadvantage of budgeting.
Pseudoparticipation
Forces managers to plan
Improves communication and coordination
Leads to budgetary slack
Provides standard for performance evaluation
Identify each item as a component of the production budget or the direct materials purchases budget.
Beginning inventory of materials
Sales in units
Units of raw materials needed for each unit of product
Ending inventory of product
Desired ending inventory
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