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What budgets are prepared before the sale budget is it the budget income statement or the direct labor budget?
NONE
What is a direct labor budget?
Direct labor budget tells the management that how much direct labor is required to finish the production of units.
What is direct labor budget used for?
Direct labor budget is used for controlling purpose as it tells that how much direct labor is required for specific job to be complete.
What budgets are included in a production budget?
The production budget needs to be exploded into budgets for direct material, direct labor, and manufacturing overhead.
True or false-The direct labor budget begins with sales in units from the sales budget?
true
What budgets are prepared before the sale budget is it the budget income statement or the direct labor budget?
NONE
What is a direct labor budget?
Direct labor budget tells the management that how much direct labor is required to finish the production of units.
What is direct labor budget used for?
Direct labor budget is used for controlling purpose as it tells that how much direct labor is required for specific job to be complete.
Which budget provides the information needed to prepare the direct labor budget?
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 the budget or schedule that provides necessary input data for the direct labor budget?
production budget
What budgets are included in a production budget?
The production budget needs to be exploded into budgets for direct material, direct labor, and manufacturing overhead.
True or false-The direct labor budget begins with sales in units from the sales budget?
true
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 are the uses of a direct labor budget?
Direct labor budget utilized to compare the actual direct labor cost and standard cost for specific task and for controlling purpose so that if there are variances those variances could be eliminated to bring the actual cost to budgeted cost.
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:
