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Q: What is the order in which budgets are prepared?
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If you have actual how do you get flexible budget?

Flexible budgets are prepared for different capacity levels like normal capacity, optimistic capacity and pesimistic capacity based on actual budgets.


Why is the Sales budget the first budget to be prepared?

Budgets promote efficiency and serve as a deterrent to waste? A sales budget should be prepared before the production budget?


What budgets are prepared before the sale budget is it the budget income statement or the direct labor budget?

NONE


Budgets promote efficiency and serve as a deterrent to waste?

A sales budget should be prepared before the production budget?


What information does sales budget provide?

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.


People use budgets in order to help them with what?

Their financial goals.


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.


What is a budget that is prepared for one level of activity?

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.


How are statistics budgets revenue budgets and operating budgets related?

ask your brain


All budgets depend on the sales budget?

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.


What is operational budgets?

About operational budgets can be read in


What are non-financial budgets?

Budgets are not expressed in dollar value termed non-financial budgets.