Match each of the following items 1 through 10 with the most appropriate description, a through (j).
Question:
Match each of the following items 1 through 10 with the most appropriate description, a through \(j\).
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Term Description 1. Benefit of a master budget a. b. 2. Budget padding 3. Budget slack C. 4. Continuous budget d. 5. Cost driver such as machine hours 6. Imposed budget 7. Method to estimate sales demand 8. Not-for-profit organizations 9. Participatory budget 10. Sales projections e. f. g. h. i. j. - - - - Essential to the budgeting process Assists managers in the allocation of resources and in control and planning functions Results in a full 12-month budget at any particular point in time Intentional over (under) estimation of budgetary expenses (revenues) Budget developed by management and operating staff Budget developed by management without input from operating staff May be incorporated into an expanded budgeting process Budgetary inflows are often tied to economic conditions Increasing the budget in one area with the intent to use the funds elsewhere Use of statistical models
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Related Book For
Cost Accounting Foundations And Evolutions
ISBN: 9781618533531
10th Edition
Authors: Amie Dragoo, Michael Kinney, Cecily Raiborn
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