scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 819
Prepare a sales budget including schedule of expected cash receipts The sales budget forms the foundation for the master budget It provides details concerning the anticipated units and dollar sales for each budget period The schedule of excepted cash receipts is based on the sales budget the expected breakdown between cash and credits sales and the expected pattern of collections on credit sales Prepare a production budget The production budget details how many units must be produced each budget period to satisfy expected sales and to provide for adequate levels of finished goods inventories Prepare a direct materials budget including a schedule of expected cash disbursements for purchases of materials The direct materials budget shows the materials that must be purchased each budget period to meet anticipated production requirements and to provide for adequate levels of materials inventories Cash disbursements for purchases of materials will depend on the amount of materials purchased in each budget period and the companys policies concerning payments to suppliers for materials acquired on credit Prepare a direct labor budget The direct labor budget shows the direct labor hours that are required to meet the production schedule as detailed in the production budget The direct labor hour requirements are used to determine the direct labor cost in each budget period Prepare a manufacturing overhead budget Manufacturing overhead consists of both variable and fixed manufacturing overhead The variable manufacturing overhead ultimately depends on the number of units produced from the production budget The variable and fixed manufacturing overheads are combined to determine the total manufacturing overhead Any noncash-manufacturing overhead such as depreciation is deducted from the total manufacturing overhead to determine the cash disbursements for manufacturing overhead Prepare a selling and administrative expense budget Like manufacturing overhead selling and administrative expenses consist of both variable and fixed expenses The variable expenses depends on the number of units sold or some other measure of activity The variable and fixed expenses are combined to
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA