1. (a) What is budgetary control? (b) Fred Barone is describing budgetary control. What steps should be included in Fred's description?
2. The following purposes are part of a budgetary reporting system: (a) Determine efficient use of materials. (b) Control overhead costs. (c) Determine whether income objectives are being met. For each purpose, indicate the name of the report, the frequency of the report, and the primary recipient(s) of the report.