You have recently been appointed as an assistant management accountant in a large company, PC Co. When you meet the production manager, you overhear him speaking to one of his staff, saying: Budgeting is a waste of time. I dont see the point of it. It tells us what we cant afford but it doesnt keep us from buying it. It simply makes us invent new ways of manipulating figures. If all levels of management arent involved in the setting of the budget, they might as well not bother preparing one. Required: (i) Identify and explain SIX objectives of a budgetary control system. (6 marks) (ii) Discuss the concept of a participative style of budgeting in terms of the six objectives identified in part (i) (8 marks)