CHAPTER 23
OPERATIONAL BUDGETING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief
Exercises
B. Ex. 23.1
B. Ex. 23.2
B. Ex. 23.3
B. Ex. 23.4
B. Ex. 23.5
Topic
Budgeting philosophies
Cash flow at Body Builders
Production budget
Estimating direct materials inventory
Benefits of budgeting
Learning
Objectives
23-3
23-1, 23-5
23-4
23-4
23-2
B. Ex. 23.6
B. Ex. 23.7
B. Ex. 23.8
B. Ex. 23.9
Elements of the budget
Flexible budgets
Operating expense budget
Cost of budgeting systems
B. Ex. 23.10
Evaluating managers with flexible budgets
Exercises
23.1
23.2
23.3
23.4
23.5
23.6
23.7
23.8
23.9
23.10
23.11
23.12
Topic
Budgeting purchases and cash payments
Budgeting labor costs
Production budgets
Production and
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Prepare a cash budget for one month.
50 Strong
23.4 A,B
Fromer Corporation/Peter Corporation
Analyze collection patterns for accounts receivable and accounts payable. Assess the company’s ability to generate adequate cash flow to service additional debt.
40 Strong
23.5 A,B
Rizzo’s/Snyder's
Analyze a budgeted income statement and a cash budget, and determine why income recognition differs from cash flow.
30 Strong
23.6 A,B
Marley Wholesale/Marlow Industries
Prepare a monthly cash budget for three months in support of a loan application. Determine whether a scheduled loan repayment can be met at the end of the period.
60 Strong
23.7 A,B
Snells/Eight Flags
Prepare a statement comparing actual results with a flexible budget and comment on the company’s performance.
50 Medium
23.8 A,B
Braemar Saddlery/XL Industries
An excellent problem for demonstrating the importance of flexible budgeting. Due to an increase in production, the production department exceeds its budget by large amounts. The student is asked to prepare a flexible budget showing that the company actually did very well in controlling costs.
45 Medium
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Critical Thinking Cases
Budgeting in a Nutshell
23.1
A short budgeting case that shows the interrelationships among budgeted financial statements. but more importantly, it
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Kinicki, Angelo (2013). CGS_MBA_502. MBA502_0327_17032Attend Unit 2: Retrieved from https://www.betheluniversityonline.net/mba/default.aspx?SectionID=2315&tabid=156#2, slides 13-14. Retrieved on April 3,
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Different retailing businesses have very different distribution methods based on the types of product that they sell, some arguably more effectively than others.
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This report was assigned and authorized by Professor Jewell as part of the course work for the BUAD 301 class during the Fall 2014 Semester at California State University, Fullerton. Our group’s report was completed with the contributions of all five members listed above. Research for this report began on October 27, 2014, and was completed
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Kennedy, X. J., et al., eds. The Bedford Reader. 12th ed. Bedford St. Martin’s Press. Boston, MA. 2014.
Kroenke, David M. (2013). Using MIS (6th edition). Upper Saddle River, New Jersey, United States of America: Pearson Education, Inc., publishing as Prentice Hall.
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