t of what's shown in this table, which ones would be shown on the "operating expenses budget" that feeds into the income
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Out of what's shown in this table, which ones would be shown on the "operating expenses budget" that feeds into the income statement?
On the income statement, items are classified as operational expenses or non-operating expenses. Operating costs are closely related to the business's day-to-day operations and are included in the income statement, whereas non-operating items are reported elsewhere in the financial statements since they reflect separate financial activities.
Step by step
Solved in 3 steps
For utilities for factory premises- why would this not be a product cost (more specifically, manufacturing
by Bartleby Expert
