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)
