0
What else can I help you with?
What are the components of a master budget?
an operating budget and a capital budget
What is an example of a master budget?
A manufacturing organization's master budget includes a production budget, which uses the sales budget and inventory levels anticipated at the beginning and end of the period to determine how much to produce.
Who prepares a master budget?
it is prepared by the appointed , qualified budget comitee
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.
What are the steps to developing a flexible budget?
The flexible budget uses the master budget as its basis. To develop the flexible budget, management should take the following steps. 1. Identify the activity index and the relevant range of activity. 2. Identify the variable costs, and determine the budgeted variable cost per unit of activity for each cost. 3. Identify the fixed costs, and determine the budgeted amount for each cost. 4. Prepare the budget for selected increments of activity within the relevant range.
What was the Production Budget for The Master?
The Production Budget for The Master was $37,500,000.
What are the components of a master budget?
an operating budget and a capital budget
How would you describe a master budget?
A master budget is comprised of operating budgets and financial budgets.
Are components of a master budget?
an operating budget and a capital budget
The starting point of a master budget is the preparation of the?
sales budget.
What is an example of a master budget?
A manufacturing organization's master budget includes a production budget, which uses the sales budget and inventory levels anticipated at the beginning and end of the period to determine how much to produce.
Who prepares a master budget?
it is prepared by the appointed , qualified budget comitee
What three budgets are included in a financial plan?
The capital budget, the cash budget, and the operating(master) budget.
What is The usual starting point for a master budget?
the sales forecast or sales budget.
What is master budget?
Master budget is the overall financial budget of company which includes budgets as follows:Sales BudgetProduction budgetSelling and administration budgetsCash budgetPro forma Income Statement & balance sheet etc.
Is a summary budget incorporating the functional budgets which becomes the overall olan for the business is known as?
MASTER BUDGET
What does activity-level variances plus flexible-budget variances equal?
total master-budget variances
