Reference no: EM131539111

Question: 1. What are the major benefits of budgeting?

2. What is the main responsibility of the budget committee?

3. What is the usual time period covered by a budget?

4. What are rolling budgets?

5. A master budget

(a) always includes a manufacturing budget specifying the units to be produced;

(b) is prepared with a process starting with the operating budgets and continues with the capital expenditures budget and then financial budgets; or

(c) is prepared with a process ending with the sales budget.