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Unformatted text preview: e file again. If the red x still appears, you may have to delete the image and then insert it again. Components of Master Budgets —༉  Operating budget—building blocks leading to the creation of the budgeted income statement —༉  Financial budget—building blocks based on the operating budget that lead to the creation of the budgeted balance sheet and the budgeted statement of cash flows The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may have to delete the image and then insert it again. Basic Opera4ng Budget Steps Prepare the revenues budget. 2.  Prepare the production budget (in units). 3.  Prepare the direct materials usage budget and direct materials purchases budget. 4.  Prepare the direct manufacturing labor budget. 1.  The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may have to delete the image and then insert it again. Basic Opera4ng Budget Steps 5.  6.  7.  8.  9.  Prepare the manufacturing overhead costs budget. Prepare the ending inventories budget. Prepare the cost of goods sold budget. Prepare the operating expense (period cost) budget. Prepare the budgeted income statement. The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may have to delete the image and then insert it again. Basic Financial Budget Steps Based on the operating budgets: 1.  Prepare the capital expenditures budget. 2.  Prepare the cash budget. 3.  Prepare the budgeted balance sheet. 4.  Prepare the budgeted statement of cash flows. The im...
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This document was uploaded on 02/16/2014 for the course ACC 311 at Cal Poly Pomona.

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