Reference no: EM132191317
Each response must have a minimum of 150 words MUST have references for each response!Quality work! No Plagiarism!
Ch. 21: Budgetary Planning
1. Why is effective budgeting critical to a company's success?
2. State the essentials of effective budgeting and the components of the master budget.
3. Apply budgeting principles to nonmanufacturing companies.
Ch. 22: Budgetary Control and Responsibility Accounting
4. What is a flexible budget?
5. What types of organizations might use flexible budgets?
6. Why are flexible budgets useful?
Ch. 23: Standard Costs and Balanced Scorecard
7. What are variances and why do these occur?
8. What factors would you consider when deciding whether to investigate a variance?