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Unformatted text preview: 4 Describe the sources for preparing the budgeted income st income statement is prepared from (a) the sales budget, (b) th direct labor, and manufacturing overhead, and (c) the selling a budget. 5 Explain the principal sections of a cash budget. (receipts, disbursements, and financing) and the beginning an 6 Indicate the applicability of budgeting in nonmanufacturin may be used by merchandisers for development of a merchan service enterprises budgeting is a critical factor in coordinatin services. In not-for-profit organizations, the starting point in b expenditures, not receipts....
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- Fall '11