ACC 220 Week 7 DQ 2 - ACC 220 Week 7 DQ 2 There are several...

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Unformatted text preview: ACC 220 Week 7 DQ 2 There are several different types of budgets that a business normally uses. These are: The Sales Budget: it is an estimate of the company's anticipated sales, both in terms of units and in Dollars. The Production Budget: usually made after the sales budget, it estimates the number of units that must be produced in order to meet the planned sales patterns. Sub budgets under this heading also estimate the cost of material, labor and overheads required to produce budgeted units. Cash budget: this budget estimates the cash inflows and outflows that are anticipated by the business. It helps the business identify those periods where a business's operations might not be enough to cover its expenditure and may have to seek loan financing....
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