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a budget of income and/or expenditure applicable to a particular function. A function may refer to a department or a process. Functional budgets frequently include the following: production cost budget (based on a forecast of production and plant utilization); marketing cost budget; sales budget; personnel budget; purchasing budget; and research and development budget.
A functional budget is the budget that is achievable and is related to a specific unit or process or function or department of the organisation. I
t is a group of related activities aimed at accomplishing a major service or program for which a unit of government is responsible.
A functional budget is prepare for a process of function.
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What are functional budgets?
A functional budget is a budget that has a purpose and works well for the company or individual using the budget. Having a functional budget is important so finaces stay in order and are accurate.
What are the different types of functional budgets?
There are a few different types of a functional budget. These include a sales budget, production budget, and a purchase budget.
Types of functional budget?
A functional budget is a budget which relates to any of the functions of an undertaking. E.G. sales, production, research, development..
What is the order in which budgets are prepared?
Budgets are typically prepared in a sequential order, starting with the sales budget, which forecasts expected sales revenue. This is followed by the production budget, which outlines the number of units to be produced based on sales forecasts. Next, the direct materials, direct labor, and manufacturing overhead budgets are prepared to determine the costs associated with production. Finally, the operating budget is completed, incorporating all functional budgets, leading to the overall financial budget, including cash flow and capital expenditure budgets.
What is the budget of Congressional Budget Office?
The budget of Congressional Budget Office is 46,800,000 dollars.
What are the types of functional budgets?
There are a few different types of a functional budget. These include a sales budget, production budget, and a purchase budget.
What are functional budgets?
A functional budget is a budget that has a purpose and works well for the company or individual using the budget. Having a functional budget is important so finaces stay in order and are accurate.
What are the different types of functional budgets?
There are a few different types of a functional budget. These include a sales budget, production budget, and a purchase budget.
Types of functional budget?
A functional budget is a budget which relates to any of the functions of an undertaking. E.G. sales, production, research, development..
Importance of functional budget?
You need your budget to be functional or else you might as well get rid of it. A functional budget can help you to stay on track and know where your money is.
Illustrate by means of a diagram the budget planning process show clearly the difference between a functional budget and a financial budget?
iiiustrate by means of a diagram the budget planning process show clearly the difference between a functional budget and a financial budget
What are the different types of functions?
There are a few different types of a functional budget. These include a sales budget, production budget, and a purchase budget.
What are different type of function?
There are a few different types of a functional budget. These include a sales budget, production budget, and a purchase budget.
Is a summary budget incorporating the functional budgets which becomes the overall olan for the business is known as?
MASTER BUDGET
The individual budgets which go to make up the whole are termed as?
FUNCTIONAL BUDGET
Illustrate by means of a diagram the budget planning process show clearly the difference a functional and a financial budget?
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What is a sub functional budget?
A sub-functional budget is a detailed financial plan that breaks down expenditures within a specific section or function of an organization, such as a department or program. It provides a granular view of resource allocation, allowing managers to track and manage costs more effectively. By focusing on specific activities or projects, it helps organizations ensure that funds are used efficiently and align with overall strategic goals.
