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Budgeted income statement is the projected or planned income statement based on standard amounts to foresee the future business or company position before it
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoBudgeted income statement is the projected or planned income statement based on standard amounts to foresee the future business or company position before it’s actually happened.
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What does a budgeted income statement consist of?
budgeted depreciation
Budgeted income statement?
Budgeted income statement is that income statement which is prepared before the actual income statement based on standard measurement and amounts in planning stage to foresee the future of business and which is used for controlling purpose as well.
How do you calculate income tax on a budgeted income statement?
You divide the percent of tax to your total and you will get your answer
Is the budgeted income statement prepared before the sales budget?
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
Pro forma income statement?
pro forma income statement means the budgeted or estimated income statement which tries to see the future business position before it happens in actual.
How do you do a budgeted income statement for a merchandising firm?
To do a budgeted income statement for a merchandising firm you will need to look over their sales budget and cash budget. You will also need to prepare a finished goods inventory and come up with an administrative expense budget.?æ
What is a budget income statement?
A budget income statement can be prepared from the data developed in:Sales budgetEnding finished goods inventory budgetSelling and administrative budgetCash budgetThe budgeted income statement is one of the key schedules in the budget process. It shows the company's planned profit for the upcoming budget period, and it stands as a benchmark against which subsequent company performance can be measured.
How do you do Income statement?
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
The budgeted selling price for a staple is 10 per staple and the variable ragte is 5 per staple and budgeted fixed costs are 12000 what is the budgeted operating income for 5000 staples?
Sales revenue (5000 * 10) 50000Less:Variable Cost (5000 * 5) 25000Contribution margin 25000Less:Fixed Cost 12000Operating Income 13000
Which budget is NOT necessary to prepare the budgeted balance sheet?
budget statement of cash flow
How do you prepare comparative income statement?
Comparative income statement is same as normal income statement with little addition of that income statement as well from which comparison is required.
What are the two categories of the income statement?
Following are two catagories of income statement: 1- Single Step Income statement 2- Multy-step income statement
