Question 2:Different type of Budget name are specify in front of each description, You are required to write the budget name in 3rd column with reason as option 1 is solved as an example. Description Name of Budget Option with analysis (Answering Вох) 1.It is the forecast of the overall sales for Direct Material Sale Budget the year, so that next year it can be a Usage Budget Reason: Because it is related to better estimate the estimation of sale value according to the company availability of resources. 2. A budget that usually take in to account Plant Utilization the opening and closing stock with an Budget sales for better estimation. 3. The type of budget that show the quantities of material required in budgeted production. Research and development Budget 4. The budget contains an estimate of all Cash or Financial direct labor cost required to produce the Budget budgeted products. 5. Budget that use machine load „production department, overloading on plant and machinery. Master Budget 6.Budget that shows that the estimated Fixed Budget expenditure of administration, offices and management remuneration during the budget period. 7. Budget that is utilize to find the new Sale Budgets product and to find the new ways of old products. 8.Budget that indicate the flow of fund, Cash sales and payment made by the credit customer and related expenditure. Direct Labor Cost Budget 9.The budget that is a summary of all Production Budget budget and finally approved, adopted and employed for various budget. 10.The budget that does not provide any Administration change in the expenditure arising out of cost Budget the change in the level of activity.
Question 2:Different type of Budget name are specify in front of each description, You are required to write the budget name in 3rd column with reason as option 1 is solved as an example. Description Name of Budget Option with analysis (Answering Вох) 1.It is the forecast of the overall sales for Direct Material Sale Budget the year, so that next year it can be a Usage Budget Reason: Because it is related to better estimate the estimation of sale value according to the company availability of resources. 2. A budget that usually take in to account Plant Utilization the opening and closing stock with an Budget sales for better estimation. 3. The type of budget that show the quantities of material required in budgeted production. Research and development Budget 4. The budget contains an estimate of all Cash or Financial direct labor cost required to produce the Budget budgeted products. 5. Budget that use machine load „production department, overloading on plant and machinery. Master Budget 6.Budget that shows that the estimated Fixed Budget expenditure of administration, offices and management remuneration during the budget period. 7. Budget that is utilize to find the new Sale Budgets product and to find the new ways of old products. 8.Budget that indicate the flow of fund, Cash sales and payment made by the credit customer and related expenditure. Direct Labor Cost Budget 9.The budget that is a summary of all Production Budget budget and finally approved, adopted and employed for various budget. 10.The budget that does not provide any Administration change in the expenditure arising out of cost Budget the change in the level of activity.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
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.
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Transcribed Image Text:Question 2:Different type of Budget name are specify in front of each description, You are
required to write the budget name in 3rd column with reason as option 1 is solved as an
example.
Description
Name of Budget
Option with analysis (Answering
Вох)
1.It is the forecast of the overall sales for
Direct Material
Sale Budget
the year, so that next year it can be a
Usage Budget
Reason: Because it is related to
better estimate
the estimation of sale value
according to the company
availability of resources.
2. A budget that usually take in to account
Plant Utilization
the opening and closing stock with an
Budget
sales for better estimation.
3. The type of budget that show the
quantities of material required in
budgeted production.
Research and
development
Budget
4. The budget contains an estimate of all
Cash or Financial
direct labor cost required to produce the
Budget
budgeted products.
5. Budget that use machine load
production department, overloading on
plant and machinery.
Master Budget
6.Budget that shows that the estimated
expenditure of administration, offices
Fixed Budget
and management remuneration during the
budget period.
7. Budget that is utilize to find the new
Sale Budgets
product and to find the new ways of old
products.
8.Budget that indicate the flow of fund,
Cash sales and payment made by the
Direct Labor Cost
credit customer and related expenditure.
Budget
9. The budget that is a summary of all
Production Budget
budget and finally approved, adopted and
employed for various budget.
10.The budget that does not provide any
Administration
change in the expenditure arising out of
the change in the level of activity.
cost Budget
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