Help me explain in tagalog or english A budget plan is essential to the realization of the plans of the organization. This summarizes the cost required for the resources or inputs needed to implement plans, programs, and activities. These inputs include human labor and skills, equipment, facilities, supplies, and raw materials. A budget plan consists of two parts. These are direct costs and indirect costs. Direct costs are expenses directly related to the project or activity. Indirect costs are costs that are not directly related to a project or activity that are needed for the smooth flow of operations of the business. The specific costs to be estimated in a budget plan are the following: 1. Operational costs- these are the direct costs of doing the actual work, activity, or project. Examples are the suppliers or raw materials needed in the production of a good. 2. Organizational costs- these are indirect costs that refer to activities that support operational plans, like the maintenance of the office workspace, the plant or manufacturing area, and utilities such as telephone, and electricity. These also include the costs of the people who perform functional tasks that are unrelated to the production of goods. 3. Staffing costs- these are also called labor costs and refer to the wages or salaries of people who perform the actual work. 4. Capital costs- these are fixed, one-time costs for large investments such as heavy equipment, facilities, land, and buildings.
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.
Help me explain in tagalog or english
A budget plan is essential to the realization of the plans of the organization. This summarizes the cost required for the resources or inputs needed to implement plans, programs, and activities. These inputs include human labor and skills, equipment, facilities, supplies, and raw materials.
A budget plan consists of two parts. These are direct costs and indirect costs. Direct costs are expenses directly related to the project or activity. Indirect costs are costs that are not directly related to a project or activity that are needed for the smooth flow of operations of the business.
The specific costs to be estimated in a budget plan are the following:
1. Operational costs- these are the direct costs of doing the actual work, activity, or project. Examples are the suppliers or raw materials needed in the production of a good.
2. Organizational costs- these are indirect costs that refer to activities that support operational plans, like the maintenance of the office workspace, the plant or manufacturing area, and utilities such as telephone, and electricity. These also include the costs of the people who perform functional tasks that are unrelated to the production of goods.
3. Staffing costs- these are also called labor costs and refer to the wages or salaries of people who perform the actual work.
4. Capital costs- these are fixed, one-time costs for large investments such as heavy equipment, facilities, land, and buildings.
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