Budgeting system

31 PC co
You have recently been appointed as an assistant manager in a large company, PC. When you meet the production manager, you overhear him speaking to one of his staff, saying:
‘Budgeting is waste of time. I don’t see the point of it. It tells us what we can’t afford but it doesn’t keep us from buying it. It simply makes us invent new ways of manipulating figures. If all levels of management aren’t involved in the setting of budgets, they might as well not bother preparing one.’
Required
(A) Identify and explain SIX objectives of budgetary control system. (9 marks)
(B) Discuss the concept of a participation style of budgeting in terms of the SIX objectives identified in part a. (11 marks)
Sir l did it like this:
31: part a:
Budgeting systems help in planning on how to use the resources available, how many products is being demanded. By setting targets we can control the cost by avoiding unnecessary over spending. If there are any variances then look for cause of it and for ways to improve it. It also motivates employees to perform good in order to achieve the targets by improving efficiency, material wastage etc. The managers will work hard to improve the performance because they know they will be held responsible for it if the targets are not met.
Part b:
Participative budget motivates department managers because their point of view is being considered. These budgets are close to reality, attainable and challenging because department managers know what is going on. Yet it is time consuming and costly. It also encourages budget slacking.
Is it right and how many marks will I get?