Budgetary Control and Responsibility Accounting

In: Business and Management

Submitted By Theodore0303
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CHAPTER 10
Budgetary Control and Responsibility Accounting
ASSIGNMENT CLASSIFICATION TABLE
Learning Objectives 1. Describe the concept of budgetary control. Evaluate the usefulness of static budget reports. Explain the development of flexible budgets and the usefulness of flexible budget reports. Describe the concept of responsibility accounting. Indicate the features of responsibility reports for cost centers. Identify the content of responsibility reports for profit centers. Explain the basis and formula used in evaluating performance in investment centers. Explain the difference between ROI and residual income. Questions 1, 2 Brief Exercises Do It! Exercises 1 A Problems B Problems

2.

3, 4, 5

1, 2

1, 2, 8, 10

3A

3B

3.

6, 7, 8, 9, 10, 11, 12

3, 4, 5

1, 2

1, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12

1A, 2A, 3A

1B, 2B, 3B

4.

13, 14, 15, 16, 17, 18, 24 19 6

13

6A

6B

5.

9, 11, 14

6.

20, 21

7

3

15, 16

4A

4B

7.

22, 23, 24

8, 9, 10

4

16, 17, 18, 19

5A

5B

*8.

25, 26

11, 12

20, 21

7A

7B

*Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter.

Copyright © 2012 John Wiley & Sons, Inc.

Weygandt, Managerial Accounting, 6/e, Solution Transparencies

(For Instructor Use Only)

10-1

ASSIGNMENT CHARACTERISTICS TABLE
Problem Number 1A Description Prepare flexible budget and budget report for manufacturing overhead. Prepare flexible budget, budget report, and graph for manufacturing overhead. State total budgeted cost formula, and prepare flexible budget reports for two time periods. Prepare responsibility report for a profit center. Prepare responsibility report for an investment center, and compute ROI. Prepare reports for cost centers under responsibility accounting, and comment on…...

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