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Budget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should be taken now and by encouraging managers to consider problems before they arise. It also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. Other essentials of budget include:
- To control resources
- To communicate plans to various responsibility center managers.
- To motivate managers to strive to achieve budget goals.
- To evaluate the performance of managers
- To provide visibility into the company's performance
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Which budget is prepared first?
The sales budget is the first budget to be prepared.
What is a budget which is prepared for one level of activity?
a budget which is prepared for one level of activity is:
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?
How the budget is prepared?
what are the steps to be followed to prepare a budget usuing the mtef method
The cash budget must be prepared before you can complete the?
budgeted balance sheet
Which budget is prepared first?
The sales budget is the first budget to be prepared.
What is a budget which is prepared for one level of activity?
a budget which is prepared for one level of activity is:
Which budget is prepared last?
Cash Budget
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?
When is manufacturing cost budget prepared?
manufacturing budget is prepared after the revenue, production and direct metrical usage budget because u need the solution from the production budget
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.
Who prepares a master budget?
it is prepared by the appointed , qualified budget comitee
When is Direct Labor Budget prepared?
Direct labor budget is prepared during planning stage before the actual production starts.
Explain how a fixed cash budget differs from a variable or flexible cash budget?
fixed budget is prepared at the start of the period and flexible budget is prepared at the end of period it is adjusted from current activity level of company...
How the budget is prepared?
what are the steps to be followed to prepare a budget usuing the mtef method
What budgets are prepared before the sale budget is it the budget income statement or the direct labor budget?
NONE
What is the budget on designing a house?
It depends on how much money a person is prepared to spend which is your budget.
