Identify the problems that appear to exist in Ferguson & Son Manufacturing Company’s budgetary control system and explain how the problems are likely to reduce the effectiveness of the system.

Case Study

Class: BUS 505 Managerial Accounting 202210FAIIOL OL-A

Instructor: Dr. Lynne Curtis
Text Book: Noreen, E. (2019). Managerial Accounting for Managers (5th ed.). McGraw-Hill Higher Education (US). https://online.vitalsource.com/books/9781260480337 Managerial Accounting for Managers ISBN: ********************************************************************* Submission Type: 12- to 15-Slide PowerPoint Presentation Points Possible: 75 Due: Sunday, 11:59 p.m. (Pacific time) Read the Case Study 8-32: Evaluating a Company’s Budget Procedures on pages 455-456 in your textbook. After reading the case, use the following questions to prepare a 12- to 15-slide PowerPoint presentation (excluding the cover slide and reference list slide):

Question 1: Identify the problems that appear to exist in Ferguson & Son Manufacturing Company’s budgetary control system and explain how the problems are likely to reduce the effectiveness of the system.

Question 2: Explain how Ferguson & Son Manufacturing Company’s budgetary control system could be revised to improve its effectiveness.

Question 3: Provide the step-by-step process for how the company should complete its master budget and how the master budget can be used to create the flexible budgets as discussed in Chapter 9.

Your presentation should be in current APA Style with both a title slide and a reference list that includes all of the sources used. At least two scholarly sources should be used (your textbook can be one of the sources)