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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1 2 3 4 Total Budgeted sales (in units) 91,000 104,000 114,000 99,000 408,000 Budgeted price $2.00 $2.00 $2.00 $2.00 Budgeted sales (in dollars) $182,000 $208,000 $228,000 $198,000 $816,000 Quarter Sales Budget for 2008 Red River Foods
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Inventory to be purchased = Budgeted ending inventory + Budgeted cost of sales for the period Budgeted beginning inventory Merchandise Purchases Budget Merchandise Purchases Budget
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1 2 3 4 Total Budgeted sales (in units) 91,000 104,000 114,000 99,000 408,000
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Web Chapter 23 - Master Budgets and Planning Chapter 23...

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