Fichas
Chapter 8-Master Budgeting
Fichas del conjunto (15)
- 1BudgetA plan for the future expressed in formal quantitative terms.
- 2PlanningThe process of establishing goals and specifying how to achieve them.
- 3ControlThe process of gathering feedback to ensure a plan is being properly executed or modified as circumstances change.
- 4Self-Imposed BudgetA method of preparing budgets in which managers prepare their own budgets. These budgets are then reviewed by higher-level managers, and any issues are resolved by mutual agreement.
- 5Participative BudgetA method of preparing budgets in which managers prepare their own budgets. These budgets are then reviewed by higher-level managers, and any issues are resolved by mutual agreement.
- 6Master BudgetA number of separate but interdependent budgets quantifying the company’s sales, production, and financial goals and culminating in a cash budget, budgeted income statement, and budgeted balance sheet.
- 7Sales BudgetA schedule showing expected sales in dollars and units.
- 8Cash BudgetA schedule estimating how cash will be acquired and used over a specific time period.
- 9Production BudgetA plan showing the number of units that must be produced during a period to satisfy both sales and inventory needs.
- 10Merchandise Purchases BudgetA plan used by a merchandising company showing the amount of goods to be purchased from suppliers during the period.
- 11Direct Materials BudgetA plan showing the amount of raw materials that must be purchased to fulfill the production budget and provide adequate inventories.
- 12Direct Labor BudgetA plan showing the direct labor-hours required to fulfill the production budget.
- 13Manufacturing Overhead BudgetA plan showing the production costs, other than direct materials and direct labor, that will be incurred over a specified time period.
- 14Ending Finished Goods Inventory BudgetA budget showing the dollar amount of unsold finished goods inventory appearing on the ending balance sheet.
- 15Selling and Administrative Expense BudgetA schedule of planned nonmanufacturing expenses.
Información
- Descripción
- Student ACCT 372-Advanced Cost Managerial Accounting Fichas sobre Chapter 8-Master Budgeting, creado por PATTY NELSON el 21/08/2024.
- Creado por
- PATTY NELSON
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