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Final Review - Chapter 9 Budget A detailed plan for the...

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Chapter 9: Budget: A detailed plan for the acquisition and use of financial and other resources over a specified time Cash Budget: a detailed plan showing how cash resources will be acquired and used over some specific time or period Continuous Budget: a 12-month budget that rolls forward one month as the current month is completed, “dropping one period and adding another.” AKA Perpetual Budget Direct Labor Budget: A detailed plan showing labor requirements over some specific time Direct Materials Budget: a detailed plan showing the amount of RM that must be purchased during a period to meet both production and inventory needs Ending FG Inventory Budget: a budget showing the dollar amount of unsold FG inventory that will appear on the ending balance sheet Manufacturing Overhead Budget: a detailed plan showing the production costs, other than DM and DL that will be incurred over a specified time period.
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