The sales budget is 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?
a budget which is prepared for one level of activity is:
what are the steps to be followed to prepare a budget usuing the mtef method
budgeted balance sheet
True
Budgets promote efficiency and serve as a deterrent to waste? A sales budget should be prepared before the production budget?
A sales budget is prepared first in order to predict the amount of income over a given period. This allows a company to determine what type of purchases can be made.
a budget which is prepared for one level of activity is:
Cash Budget
The first budget prepared as part of an entity's master budget is typically the sales budget. This budget estimates the expected sales revenue, which serves as the foundation for subsequent budgets, including production, purchasing, and cash flow budgets. Accurate sales projections are crucial, as they influence inventory levels, staffing needs, and overall financial planning for the organization.
manufacturing budget is prepared after the revenue, production and direct metrical usage budget because u need the solution from the production budget
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.
it is prepared by the appointed , qualified budget comitee
Direct labor budget is prepared during planning stage before the actual production starts.
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...
what are the steps to be followed to prepare a budget usuing the mtef method
NONE