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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?
What is a budget which is prepared for one level of activity?
a budget which is prepared for one level of activity is:
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
Certain budget reports are prepared monthly whereas others are prepared more frequently depending on the activities being monitored True False?
True
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?
Why sales budget is prepared first?
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.
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
First budget prepared as part of an entity's master 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.
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
