acc220_appendix_c[1] - determine how much labor force will...

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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 An estimate of sales revenue It shows the expected unit sales with the unit selling price for each future quarter. Giving an amount for total sales. Production budget This budget shows the units that must be produced to meet anticipated sales This budget also considers the expected unit sales with the ending finished units giving a total of required production units. Direct materials budget Shows the quantity and cost of all direct materials to be purchased. This budget consists of the required units of direct units and the anticipated cost per unit. Direct labor budget This budget shows the quantity and cost of direct labor to meet production. This budget is determined with the information from the production budget. This budget will help
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Unformatted text preview: determine how much labor force will be needed to meet expected performance. ACC 220 Manufacturing overhead budget This budget shows the expected manufacturing overhead costs for the budget period. This budget looks at all information that would be included in all other budgets but factors in building maintenance and other outstanding costs. Selling and administrative expense budget Projects anticipated selling and administrative expenses. Reviews the variable expenses and fixed expenses for each selling quarter. Budgeted income statement This is the end result of the operating budget The budget indicates the expected profitability of operations for the budget period. Cash budget This budget shows anticipated cash flow. Broken into three sections. Cash receipts, disbursements, and financing this information is all obtained from various budgets. ACC 220...
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