Sm Ch 23 
CHAPTER 23
OPERATIONAL BUDGETING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief
Exercises
B. Ex. 23.1
B. Ex. 23.2
B. Ex. 23.3
B. Ex. 23.4
B. Ex. 23.5
Topic
Budgeting philosophies
Cash flow at Body Builders
Production budget
Estimating direct materials inventory
Benefits of budgeting
Learning
Objectives
23-3
23-1, 23-5
23-4
23-4
23-2
B. Ex. 23.6
B. Ex. 23.7
B. Ex. 23.8
B. Ex. 23.9
Elements of the budget
Flexible budgets
Operating expense budget
Cost of budgeting systems
B. Ex. 23.10
Evaluating managers with flexible budgets
Exercises
23.1
23.2
23.3
23.4
23.5
23.6
23.7
23.8
23.9
23.10
23.11
23.12
Topic
Budgeting purchases and cash payments
Budgeting labor costs
Production budgets
Production and direct materials budget
Budgeting for prepayments
Budgeting for interest expense
Preparing a flexible overhead budget
Budgeting cash receipts
Budgeting an ending cash balance
Preparing a flexible budget
More on flexible budgeting
Budget estimates
23.13
23.14
Budgeting manufacturing overhead
Establishing budget amounts
23-4, 23-5
23-2, 23-3
23.15
Real World: Home Depot’s budget goals
23-2, 23-3
Skills
Analysis, judgment
Analysis, judgment
Analysis
Analysis
Analysis, communication, judgment 23-4, 23-5
23-6
23-4, 23-5
23-2, 23-3
Analysis
Analysis
Analysis
Analysis, communication, judgment 23-6
Analysis, communication, judgment Learning
Objectives
23-4, 23-5
23-4, 23-5
23-4, 23-5
23-4, 23-5
23-4, 23-5
23-4, 23-5
23-6
23-4, 23-5
23-4, 23-5
23-6
23-6
23-2, 23-3
Skills
Analysis
Analysis
Analysis
Analysis, judgment
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis, communication, judgment Analysis
Analysis, communication, judgment Analysis, communication, judgment, research
Copyright © 2015 by McGraw-Hill Education All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
Problems
Sets A, B
23.1 A,B
Topic
23.2 A,B
23.3 A,B
23.4 A,B
Budgeting
OPERATIONAL BUDGETING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief
Exercises
B. Ex. 23.1
B. Ex. 23.2
B. Ex. 23.3
B. Ex. 23.4
B. Ex. 23.5
Topic
Budgeting philosophies
Cash flow at Body Builders
Production budget
Estimating direct materials inventory
Benefits of budgeting
Learning
Objectives
23-3
23-1, 23-5
23-4
23-4
23-2
B. Ex. 23.6
B. Ex. 23.7
B. Ex. 23.8
B. Ex. 23.9
Elements of the budget
Flexible budgets
Operating expense budget
Cost of budgeting systems
B. Ex. 23.10
Evaluating managers with flexible budgets
Exercises
23.1
23.2
23.3
23.4
23.5
23.6
23.7
23.8
23.9
23.10
23.11
23.12
Topic
Budgeting purchases and cash payments
Budgeting labor costs
Production budgets
Production and direct materials budget
Budgeting for prepayments
Budgeting for interest expense
Preparing a flexible overhead budget
Budgeting cash receipts
Budgeting an ending cash balance
Preparing a flexible budget
More on flexible budgeting
Budget estimates
23.13
23.14
Budgeting manufacturing overhead
Establishing budget amounts
23-4, 23-5
23-2, 23-3
23.15
Real World: Home Depot’s budget goals
23-2, 23-3
Skills
Analysis, judgment
Analysis, judgment
Analysis
Analysis
Analysis, communication, judgment 23-4, 23-5
23-6
23-4, 23-5
23-2, 23-3
Analysis
Analysis
Analysis
Analysis, communication, judgment 23-6
Analysis, communication, judgment Learning
Objectives
23-4, 23-5
23-4, 23-5
23-4, 23-5
23-4, 23-5
23-4, 23-5
23-4, 23-5
23-6
23-4, 23-5
23-4, 23-5
23-6
23-6
23-2, 23-3
Skills
Analysis
Analysis
Analysis
Analysis, judgment
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis, communication, judgment Analysis
Analysis, communication, judgment Analysis, communication, judgment, research
Copyright © 2015 by McGraw-Hill Education All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
Problems
Sets A, B
23.1 A,B
Topic
23.2 A,B
23.3 A,B
23.4 A,B
Budgeting