亨格瑞管理会计英文第15版练习答案07.docVIP

亨格瑞管理会计英文第15版练习答案07

CHAPTER7

COVERAGEOFLEARNINGOBJECTIVES

CRITICALCASES,

FUNDA-THINKINGEXCEL,

MENTALEXERCISESCOLLAB.

ASSIGNMENTANDINTERNETLEARNINGOBJECTIVEMATERIALEXERCISESPROBLEMSEXERCISESLO1:ExplainhowbudgetsA1,B1facilitateplanningand

coordination.

LO2:Anticipatepossible2540humanrelationsproblems

causedbybudgets.

LO3:Explainpotentially2239,40dysfunctionalincentivesin

thebudgetprocess.

LO4:Explainthedifficulties234249ofsalesforecasting.

LO5:ExplainthemajorA1,B124,2639featuresandadvantagesofa

masterbudget.

LO6:FollowtheprincipalA1,B1294043,45stepsinpreparingamaster

budget.

LO7:PreparetheoperatingA1,B128,29,30,314043,45,46,48budgetandthesupporting

schedules.

LO8:PreparethefinancialA1,B127,29,32,33,36,37,3843,44,47,48budget.34,35

LO9:Useaspreadsheetto41,42developabudget(Appendix

7).

Copyright?2011PearsonEducation,Inc.,PublishingasPrenticeHall.272

CHAPTER7

IntroductiontoBudgetsandPreparingtheMasterBudget

7-A1(60-90min.)

1.ExhibitI

RAPIDBUYELECTRONICS,INC.

MallofAmericaStore

BudgetedIncomeStatement

FortheThreeMonthsEndingAugust31,20X8

Sales$300,000

Costofgoodssold(.62×$300,000)186,000Grossprofit$114,000

Operatingexpenses:

Salaries,wages,commissions$60,000

Otherexpenses12,000

Depreciation1,500

Rent,taxesandotherfixedexpenses33,000106,500Incomefromoperations.$7,500Interestexpense*1,338Netincome$6,162

*Seeschedulegforcalculationofinterest.

Copyright?2011PearsonEducation,Inc.,PublishingasPrenticeHall.273

ExhibitII

RAPIDBUYELECTRONICS,INC.

MallofAmericaStore

CashBudget

FortheThreeMonthsEndingAugust31,20X8

JuneJulyAugust

Beginningcashbalance$5,800$5,600$5,079

Minimumcashbalancedesired5,0005,0005,000

(a)Availablecashbalance$800$600$79

Cashreceiptsdisbursements:

Collectionsfromcustomers

(schedu