acc220_appendix_c[1] - Axia College Material Appendix C...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Axia College Material Appendix C Budgets Matrix Directions : Using the matrix, define each of the budgets listed and briefly describe its uses. Budget Definition Describe its uses Sales budget Is a detailed estimate of the expected sales for a specific budgeted period It is used to determine what the sales forecast will be to help determine the inventory levels to accommodate the sales Production budget Is used to determine the budget for manufacturing costs It is used to determine the amount of inventory that must be produced and the cost of producing the product for sale Direct materials budget Is a detailed budget showing the amount of raw materials that must be purchased during that period to meet production and inventory needs It is used to determine the amount of materials that will be used in the production of the product which will be sold Direct labor budget Is a detailed plan showing the labor requirements needed over a specific time period It is used to determine the labor hours
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/13/2010 for the course ACCOUNTING 250 taught by Professor Connie during the Spring '10 term at Phoenix School of Law.

Page1 / 2

acc220_appendix_c[1] - Axia College Material Appendix C...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online