question 1

. a 52% mana lean * Lent Term 2021.pdf o eo Q sa Class 7 (Week 8) The indicative solutions for the following qualitative questions will not be provided. You are expected to take part in class discussion in light of the course material and readings. 1. Discussion question on budgets "Budgets are an extremely useful tool to manage and appraise performance in organisations." In light of your readings, prepare notes to help you for a detailed discussion on this statement. 2. Short discussion questions (a) What is a master budget? Briefly describe its contents. (b) The principle purpose of a cash budget is to see how much cash would be in business bank account at the end of the year. Do you agree? Explain. (c) Do you agree with the statement "The variable overhead efficiency variance is a misnomer? . a 52% mana lean * Lent Term 2021.pdf o eo Q sa Class 7 (Week 8) The indicative solutions for the following qualitative questions will not be provided. You are expected to take part in class discussion in light of the course material and readings. 1. Discussion question on budgets "Budgets are an extremely useful tool to manage and appraise performance in organisations." In light of your readings, prepare notes to help you for a detailed discussion on this statement. 2. Short discussion questions (a) What is a master budget? Briefly describe its contents. (b) The principle purpose of a cash budget is to see how much cash would be in business bank account at the end of the year. Do you agree? Explain. (c) Do you agree with the statement "The variable overhead efficiency variance is a misnomer