Section for Final Fall $2025$

Question $1(4$ points$)$

Budgeting provides the framework fora$)$ breaking semi$-$variable costs into their fixedb$)$ process costing.c$)$ planning and control.d$)$ delegating authority to managers.

Question $2(4$ points$)$

The budget should use historical dataa$)$ because management is satisfied with historicalb$)$ only as a stepping$-$off point for aiding projection