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Flexible budgets are prepared for different capacity levels like normal capacity, optimistic capacity and pesimistic capacity based on actual budgets.
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A sales budget should be prepared before the production budget?
Sales budget provides the information about how many units of products needs to be sold and it is the basic information on which remaining budgets are prepared like production budgets or proforma financial statements.
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
Flexible budgets are prepared for different capacity levels like normal capacity, optimistic capacity and pesimistic capacity based on actual budgets.
Budgets promote efficiency and serve as a deterrent to waste? A sales budget should be prepared before the production budget?
NONE
A sales budget should be prepared before the production budget?
Sales budget provides the information about how many units of products needs to be sold and it is the basic information on which remaining budgets are prepared like production budgets or proforma financial statements.
Their financial goals.
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
The budget that is prepared for one level of activity is known as a static budget. A static budget is often one of many other budgets that are created off of a master budget.
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Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.
About operational budgets can be read in
Budgets are not expressed in dollar value termed non-financial budgets.