亨格瑞管理会计英文第15版练习答案01(2)

查尔斯亨格瑞 管理会计 英文版第15版 北京大学出版社 练习答案01

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2. (15-20 min.) Room rental Food Entertainment Decorations Total Budgeted $ 140 700 600 Actual $ 140 865 600 Deviations $ 0 165U 0 Because of the management by exception rule, room rental and entertainment

require no explanation. The actual expenditure for food exceeded the budget by $165. Of this $165, $150 is explained by attendance of 15 persons more than

budgeted (at a budget of $10 per person for food) and $15 is explained by

expenditures above $10 per person.

Actual expenditures for decorations were $40 more than the budget. The

decorations committee should be asked for an explanation of the excess

expenditures.

(10 min.)

All of the situations raise possibilities for violation of the integrity standard. In addition, the manager in each situation must address an additional ethical standard:

1. The General Mills manager must respect the confidentiality standard. He or she

should not disclose any information about the new cereal.

2. Felix must address his level of competence for the assignment. If his supervisor

knows his level of expertise and wants an analysis from a “layperson” point of view, he should do it. However, if the supervisor expects an expert analysis, Felix must disclose his lack of competence.

3. The credibility standard should cause Mary Sue to decline to omit the information

from the budget. It is relevant information, and its omission may mislead readers of the budget.