ACC 206 Week 5 E 22 19, 22 22A, 23 28A
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Description
Required Text
Horngren, C., Harrison, Jr., W., & Oliver, M.S. (2012). Accounting (9th ed.). Upper Saddle River, NJ: Pearson Prentice Hall. ISBN: 9780132569057
Week 5
Required Readings
-
Chapter 22: The Master Budget and Responsibility Accounting
- Chapter 23: Flexible Budgets and Standard Costs
Assignments
Chapter 22, E 22-19
Chapter 22, P 22-22A
Chapter 23, P 23-28A
E22-19Preparing a financial budget [25-30 min]
Consider the following June actual ending balances and July 31, 2012, budgeted amounts for :
a.June 30 inventory balance, 17,750
b.July payments for inventory, 4,300
c.July payments of accounts payable and accrued liabilities, 8,200
d.June 30 accounts payable balance, 10,600
e.June 30 furniture and fixtures balance, 34,500; accumulated depreciation...
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