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Financial & Managerial Accounting
, 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College
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Chapter 21
The Budgeting Process
The budgeting process provides managers with the opportunity to match the goals of the organization with the resources necessary to accomplish those goals.
1. Give examples of variable costs that might be incurred by Toys "R" Us.
2. What types of information would managers need in preparing these budgets?
3. Where might they find this information?
4. List some problems that might arise because estimates are used in preparing these budgets.
Either print out your answers for submission or email them to your instructor.
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