Chapter 6 Week 2 Day 1 Spring 2010 Revised

Chapter 6 Week 2 Day 1 Spring 2010 Revised - Chapter 6 Week...

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Chapter 6 Week 2 Day 1 (Mar. 15 th ) Planning, the Balanced Scorecard and Budgeting 6-1
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6-2 The Master Budget Revenue process budgets Conversion process budgets Expenditure process budgets Capital resources process budgets (later in text) Budgeted (pro forma) financial statements
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6-3 Conversion Process Planning We now know how many units we expect to sell each period. How many do we need to produce?
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6-4 What is the Budget that Results from Conversion Process Planning? Production budget Number of units to sell Add desired ending inventory of finished goods Less beginning inventory of finished goods Equals number of units to produce
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6-5 Prepare a Production Budget for the first 3 months of 2011 ABC Company wants to maintain an ending finished goods inventory of 10% of the next month’s expected sales. Estimated sales in units for the first four months of 2011: January 5,000 February 6,000 March 4,500 April 5,000
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ABC Company Production Budget January February March
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Chapter 6 Week 2 Day 1 Spring 2010 Revised - Chapter 6 Week...

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