Web Chapter 23 - Master Budgets and Planning Chapter 23...

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Master Budgets and  Master Budgets and  Planning Planning Chapter 23 Chapter 23
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    Operating budgets Operating budgets - Sales budget Sales budget - Purchases or production budget Purchases or production budget - Selling, general and administrative budget Selling, general and administrative budget     Capital expenditures budget Capital expenditures budget     Financial budgets Financial budgets - Cash budget Cash budget - Budgeted income statement Budgeted income statement - Budgeted balance sheet Budgeted balance sheet Master Budget Components Master Budget Components
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HOCKEY DEN Monthly Sales Budget October 2008 – January 2009 Budgeted Budgeted Budgeted Unit Sales Unit Price Total Sales September 2008 (actual) 700 100 $ 70,000 $ October 2008 1,000 100 $ 100,000 $ November 2008 800 100 80,000 December 2008 1,400 100 140,000 Total 3,200 100 $ 320,000 $ January 2009 900 100 $ 90,000 $ Sales Budget Sales Budget
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                Hockey Den buys hockey sticks for $60.00 each and  Hockey Den buys hockey sticks for $60.00 each and  maintains an ending inventory equal to 90 percent of the  maintains an ending inventory equal to 90 percent of the  next month’s budgeted sales.  900 hockey sticks are on  next month’s budgeted sales.  900 hockey sticks are on 
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