31) For each type of report listed below, identify one planning decision and one controlling decision for which the information would be helpful. Assume you are a Walgreen Company store.

a.annual financial statements for the past three years

b.report detailing sales by department by each hour of the day for the past week

c.special study regarding increased road traffic due to the construction of a new shopping mall at a near-by intersection

32) Briefly explain the planning and control activities in management accounting. How are these two activities linked to each other?

33) Explain how a budget can help management implement strategy.

34) Explain how a customer focus can result in increased profits for a company.

35) Complete a performance report for the month of May, 2011, for the Daily Bulletin, a regional newspaper showing four columns: 1) Actual Result; 2) Budgeted Amount; 3) Difference: Actual Result minus Budgeted Amount; 4) Difference as a Percentage of Budgeted Amount, given the following data:

Actual pages sold	550
Budgeted advertising pages	500
Actual Advertising revenue	$3,850,000
Budgeted Advertising revenue	$4,000,000

Does the report indicate any cause for managerial investigation?

Answer rating: 100% (QA)

Walgreen Company Reports and Management Accounting 31 Reports and Decisions a Annual Financial Statements Past 3 Years Planning Decision These statements can be used to analyze historical financial pe... View the full answer