1. What is Activity-based budgeting? How does it differ from traditional budgeting systems?

2. List and explain 3 benefits of budgeting

3. List and explain 2 of the negative outcomes of budgeting.

4. What information does the sales budget provide for a company?

5. What information does the production budget provide for a company?

6. What information does the direct materials budget provide for a company?

7. What information does the direct labor budget provide for a company?

8. What information does the factory overhead budget provide for a company?

9. What information does the capital expenditures budget provide for a company?

10. What information does the budgeted income statement provide for a company?

11. What is a rolling budget?