Below in the first table, required level of competencies and performance evaluations are given. If you are asked to prepare training budget, what would be the minimum budget to give all required trainings?

Q: what are the first two steps of a master budget? and are there formulas that are used for those…

A: The first two steps of a master budget are as follows: 1) Preparation of sales budget. A sales…

Q: The third task is a continuation of the study material which will teach the management trainees to…

A: There are numerous accounting technologies available to assist organizations in solving problems and…

Q: What is a standard cost? Group of answer choices The total number of units times the budgeted…

A: There are several type of costs that is being incurred in the business. Costs are the expenses and…

Q: Before a direct materials purchases budget can be prepared, you should firsta. prepare a sales…

A: The budgets are prepared to estimate the number of units to be sold, number of units to be produced…

Q: Master budget is compiled of several operating budgets. Of these operating budgets, which budget…

A: the operating budget is such a statement that present the financial plan for each of the…

Q: Your supervisor asks you to produce a budget variance report. Using the most common definition of…

A: Budget variance report is an important management tool to manage the performance of the business…

Q: The preparation of an organization's budget a. forces management to look ahead and try to see the…

A: Introduction:- Budgets have play vital role in every organization. So it can be used to identify…

Q: List the three key benefits companies get from preparing a budget. The budget allows managers to be…

A: An estimate of income and expenditure for a set period of time is called budget.

Q: How can Master Budget help a company make Preventive Maintenance Program about equipment? Give at…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: Before a direct materials budget can be prepared you first need to

A: Budgeting can be defined as the process of setting standards of performance against which the actual…

Q: 1. Why it is important to get input from the sales manager in preparing a master budget? 2. What is…

A:

Q: differentiate between the “operating budget” and “capital budget”. Expected to provide 10 different…

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Q: Why would management take extra effort to ensure approximate budgets for direct labor, direct…

A: There are a few reasons why management might take extra effort to ensure approximate budgets for…

Q: hat will be your first step to generating a busine

A: Budget is very important in the business and preparing the budget is the important step in the…

Q: Help me explain in tagalog or english A budget plan is essential to the realization of the plans of…

A: Budget Plan Budget plan is important to the organisation to estimate the total expenditure and…

Q: While preparing the production budget, the Production Manager checks on and co-ordinates with : a.…

A: production budget:- production budget is plan , which shows the estimated production manufacturing…

Q: What is microcosting, and what two types of expenses do you have to consider when doing a budget.…

A: To help medical and strategic decision address worries about increasing healthcare costs, creating…

Q: What is the first step in preparing a master budget ?

A: The master budget seems to be the budget that combines all of the other budgets into a single budget…

Q: production budget

A: Production Budget: A production budget is a type of budget that decides how much quantity of a…

Q: ates are determined by iding the cost budgeted for each activity pool by t e for that pool iding the…

A: Activity rate is used in activity based costing. Activity rate is then multiplied into usage to…

Q: Of the following budgets.

A: Budget-:Budgets are an assessment of income and expenses made at the end of the accounting to…

Q: Briefly explain to your management team, four (4) benefits that can be derived from budgeting

A: Introduction:- Budgeting is the most effective tool for managing your money. Preparation of a…

Q: For this assignment you are to assume that you are involved in the preparation of your company's…

A: The issue is that the sales team is provided that the expected sales for the year and also there…

Q: Briefly describe the components of a master budget for a manufacturing organization.

A: Answer:-  Master budget meaning:- A master budget is thorough financial planning document that…

Q: Which type of budget is the forecasting of how much should be spent on large items such as…

A: A budget  is the  estimate  made over a future  selected period of time

Q: How do I do a master budget? what are the steps and formulas i will need?

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…

Q: The direct labor budget and the manufacturing overhead budget are prepared directly from the a.…

A: Budgets are the forecasts or estimates to be made for future period of time. These are the…

Q: Considering only the cash budget, the direct materials budget, the production budget, and the…

A: The budgets are the statements that are prepared by the entity for the purpose of estimating the…

Q: A company is planning to purchase various machineries and equipment. Select the one which will…

A: Capital expenditure budget :  A capital expenditure budget is a written plan that specifies the…

Q: Which of the following budgets for a manufacturing firm indicates the quantity ( and costs ) of raw…

A: The objective of the question is to identify the type of budget that is used by a manufacturing firm…

Q: A company is planning to prepare Budget for the year 2022. In the budgeting and planning process,…

A: The strategic plan is the planning report that specifies the organizational goal, the procedure of…

Q: Using the same above information, what woult it look like to complete the following?  Direct labor…

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Q: The starting point for preparing the master budget is the

A: Master Budget:   The master budget is a collection of budgets that is used by the company for…

Q: he knowledge you have Outline the steps in preparing an operating

A: Operating budget is very important for the operations of the company because that it helps in smooth…

Q: Activity-based budgeting is a system that recorded and analyses activities that lead to costs of the…

A: Activity based costing is that costing method in which we record those activities that incur cost.…

Q: State the equation for computing the total budgeted costs for the ironing department.

A: Total costs is the combination of fixed costs and variable costs. The equation for computing the…

Q: What is the process for developing a budgeted balance sheet?

A: The budgeted balance sheet is a report that a firm uses to examine the estimation of assets,…

Q: Discuss any three advantages of budgeting? The subject is Managerial Accounting.

A: Budgeting:-It is a process of creating a plan for how to spend money. This spending plan is called…

Q: The first step in preparing the sales budget is toa. prepare a sales forecast.b. review the…

A: The budget is prepared to estimate the requirements during the period. The sales budget is the first…

Q: For a manufacturing business, a production budget, including budgets for direct material, direct…

A: Budget is the term which is defined as the estimation of revenues as well as expenses over the…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.