WK 2 Lecture Notes - WK 2 Lecture Notes The Flexible Budget...

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WK 2 Lecture Notes 18:46 The Flexible Budget and Standard Costing Master Budget Master budget is constructed from detailed budgets for Sales other expenses cash Master budget includes a projected income statement and a projected balance sheet Sales Forecast It shows expected sales for the coming periods expressed in units and dollars. Sales staff compiles forecasts Economic models management intuition statistical forecasts Production Budget Formula Budgeted product sales in units + Desired product units in ending inventory = Total product units needed - Product units in beginning inventory Product units to produce Materials Purchases Formula Units to produce *Material needed per unit
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=Material needed for units to produce +Desired units of material in ending inventory =Total units of material needed -Units of material in beginning inventory
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This note was uploaded on 03/10/2012 for the course ACCOUNTING 5450 taught by Professor Brown during the Spring '12 term at Colorado Technical University.

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WK 2 Lecture Notes - WK 2 Lecture Notes The Flexible Budget...

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