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Sergio Arce Inglés 16 fichas

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1TYPES OF BUDGETS1. According to it´s flexibility.
2. According to the period it covers.
3. According to the field of applicability in the company.
4. According to the sector in which they are used .
2According to its flexibility- Rigid, static, fixed, or assigned: it is made for a single area or department. No changes can be made.
- Flexible or variable: it is prepared for different areas or departments and it is possible to make any necessary changes.
3According to the period it covers- Short-term budgets are planned to meet the cycle of one-year operations.
- Long-term budgets are planned to meet the cycle of 5 years or more
4According to the field of applicability in the company- Operating or economic: summarized in a statement of earnings and projected losses based on all activities in a current period.
- Financial: they are summarized in the different accounts or items within or the general balance sheet. Exp. Cash, banks…
5According to the sector in which they are used- Public sector budgets: quantification of resources required by the normal operation of public entities.
- Private sector budgets: they are used to achieve outlined business objectives in a private basis.
6Sales budgetIt is a calculation of the levels of future income, sales and expenses of a company.
7Production budgetThey are estimates that are closely related to the budget of sale and desired inventory levels.
8Budget of raw materials and purchasesDiagnosis on different inputs that are required to be used for the production process.
9Direct labour budgetthe needs of human resources to be used in the production process
10Manufacturing overhead budgetDifferent indirect manufacturing costs within the production process.
11Operating expenses budgetIt projects the different expenses directly related to distribution and administration.
12LOGISTICS COSTS1. Purchase and supply costs.
2. Inventory costs.
3. Warehousing costs.
4. Transportation and distribution costs.
13Purchase and supply costsThey are all those that are involved in the logistics chain until reaching the supplier.
14Inventory costsorder costs: they are all the handling of purchase orders, transportation, receipt, inspection… 2) conservation costs: rent, heating, cooling, surveillance… 3) Stock-outs costs: They are those in which it is incurred by not being able to satisfy a customer demand; loss of client, time…
15Warehousing costsThey are those in which it is incurred in the lease or purchase of the physical spaces where the different merchandise will be stored.
16Transportation and distribution costscosts of investment or leasing of vehicles to distribute a merchandise. Taxes – tolls…