全面预算管理介绍Budgeting

Choosing the Budget Period
Operating Budget
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2001
2002
The annual operating budget may be divided into quarterly or monthly budgets.
Choosing the Budget Period
Budgeted production for February should be: A) 105,000 units. B) 82,500 units. C) 150,000 units. D) 75,000 units.
Budgets can be defined as:
“a quantitative model, or summary of the expected consequences of the organization’s short-term operating activities.‖
involves the steps taken by management that attempt to ensure the objectives are attained.
Which of the following is not a benefit of budgeting?
A. It uncovers potential antages of Budgeting
Define goal and objectives
Communicating plans Think about and plan for the future
Advantages
Coordinate activities Uncover potential bottlenecks Means of allocating resources
Clear-cut organizational structures.
There is one major logical problem, which is? If the above are true, what do you need the budget for?
Budgeted sales for June would be (in units): A) 188,000. B) 160,000. C) 128,000. D) 184,000
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) 60,000 ? 100,000 Budgeted raw materials purchases (in kilograms) 129,000 165,000 188,000 Two kilograms of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 36,000 kilograms of raw materials on hand on January 1.
A) operational budgeting.
B) zero-based budgeting.
C) continuous budgeting.
D) responsibility accounting.
Zero-Base Budgeting
Managers are required to justify all budgeted expenditures, not just changes in the budget from the previous year. The baseline is zero rather than last year’s budget.
Participative Budget System
Top Management
Middle Management
Middle Management
Supervisor
Supervisor
Supervisor
Supervisor
Flow of Budget Data
The Budget Committee
Responsibility Accounting
Managers should be held responsible for those items — and only those items — that the manager can actually control to a significant extent.
Budgeted production for August would be: A) 62,000 units. B) 70,000 units. C) 58,000 units. D) 50,000 units.
Friden Company has budgeted sales and production over the next quarter as follows: April May June Sales in units 100,000 120,000 ? Production in units 104,000 128,000 156,000 The company has 20,000 units of product on hand at April 1. A minimum of 20% of the next month's sales needs in units must be on hand at the end of each month. July sales are expected to be 140,000 units.
Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data: Total sales: January February March April $60,000 $70,000 $50,000 $30,000
A standing committee responsible for
overall policy matters relating to the budget
coordinating the preparation of the budget
A method of budgeting in which the cost of each program must be justified every year is called:
B. It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts. C. It ensures that accounting records comply with generally accepted accounting principles. D. It provides benchmarks for evaluating subsequent performance.
Continuous or Perpetual Budget
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2002
This budget is usually a twelve-month budget that rolls forward one month as the current month is completed.
Total cash receipts in April would be budgeted to be: A) $38,900. B) $47,900. C) $27,230. D) $36,230.
Modesto Company produces and sells Product AlphaB. To guard against stockouts, the company requires that 20% of the next month's sales be on hand at the end of each month. Budgeted sales of Product AlphaB over the next four months are: Budgeted sales in units June July August September 30,000 40,000 60,000 50,000
Management Accounting Atkinson, Banker, Kaplan & Young