Operating Budget and Cash budget : The Operating budgets are the budget which have been prepared for the coming year for various departments to be taken as target to be achieved for various departments. The Initial step in preparation of Operating budget is the preparation of Sales Budget and on the basis of this budget, the production budget is prepared. After making the production and sales budget, various other cost budget shall be prepared like labour, manufacturing overheads , selling and admin overheads, cost of goods sold budget. The Budgeted cash collection and cash payments to be made shall also be prepared basis the sales and material purchase budget. When all the operating budgets are prepared, then the cash budget is prepared on that basis after making analysis of cash receipts and payments during the period. Requirement1: The preparation of sales budget.

Question

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Answer 1

Question

Chapter 24, Problem 1CP

To determine

Operating Budget and Cash budget:

The Operating budgets are the budget which have been prepared for the coming year for various departments to be taken as target to be achieved for various departments. The Initial step in preparation of Operating budget is the preparation of Sales Budget and on the basis of this budget, the production budget is prepared. After making the production and sales budget, various other cost budget shall be prepared like labour, manufacturing overheads, selling and admin overheads, cost of goods sold budget. The Budgeted cash collection and cash payments to be made shall also be prepared basis the sales and material purchase budget.

When all the operating budgets are prepared, then the cash budget is prepared on that basis after making analysis of cash receipts and payments during the period.

Requirement1:

The preparation of sales budget.

To determine

Requirement2:

The preparation of Production budget.

To determine

Requirement3:

The Statement showing expected cash receipts during the period.

To determine

Requirement4:

The Preparation of Material Purchase budget in $.

To determine

Requirement5:

The Statement showing expected disbursals for material purchases.

To determine

Requirement6:

The Preparation of Budgeted labour cost.

To determine

Requirement7.

The preparation of Manufacturing Overheads cost budget.

To determine

Requirement8.

The Preparation of Selling and admin overheads.

To determine

Requirement9.

The Preparation of Cost of Goods sold budget.

To determine

Requirement10.

The preparation of cash budget.

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Students have asked these similar questions

Please provide answer accounting question

Company X sets price equal to cost plus 60%. Recently, Company X charged a customer a price of $42 for an item. What was the cost of the item to Company X?

A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used a markup of 50%?

Answer 2

Question

Chapter 24, Problem 1CP

To determine

Operating Budget and Cash budget:

The Operating budgets are the budget which have been prepared for the coming year for various departments to be taken as target to be achieved for various departments. The Initial step in preparation of Operating budget is the preparation of Sales Budget and on the basis of this budget, the production budget is prepared. After making the production and sales budget, various other cost budget shall be prepared like labour, manufacturing overheads, selling and admin overheads, cost of goods sold budget. The Budgeted cash collection and cash payments to be made shall also be prepared basis the sales and material purchase budget.

When all the operating budgets are prepared, then the cash budget is prepared on that basis after making analysis of cash receipts and payments during the period.

Requirement1:

The preparation of sales budget.

To determine

Requirement2:

The preparation of Production budget.

To determine

Requirement3:

The Statement showing expected cash receipts during the period.

To determine

Requirement4:

The Preparation of Material Purchase budget in $.

To determine

Requirement5:

The Statement showing expected disbursals for material purchases.

To determine

Requirement6:

The Preparation of Budgeted labour cost.

To determine

Requirement7.

The preparation of Manufacturing Overheads cost budget.

To determine

Requirement8.

The Preparation of Selling and admin overheads.

To determine

Requirement9.

The Preparation of Cost of Goods sold budget.

To determine

Requirement10.

The preparation of cash budget.

Expert Solution & Answer

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Answer 3

Question

Chapter 24, Problem 1CP

To determine

Operating Budget and Cash budget:

The Operating budgets are the budget which have been prepared for the coming year for various departments to be taken as target to be achieved for various departments. The Initial step in preparation of Operating budget is the preparation of Sales Budget and on the basis of this budget, the production budget is prepared. After making the production and sales budget, various other cost budget shall be prepared like labour, manufacturing overheads, selling and admin overheads, cost of goods sold budget. The Budgeted cash collection and cash payments to be made shall also be prepared basis the sales and material purchase budget.

When all the operating budgets are prepared, then the cash budget is prepared on that basis after making analysis of cash receipts and payments during the period.

Requirement1:

The preparation of sales budget.

To determine

Requirement2:

The preparation of Production budget.

To determine

Requirement3:

The Statement showing expected cash receipts during the period.

To determine

Requirement4:

The Preparation of Material Purchase budget in $.

To determine

Requirement5:

The Statement showing expected disbursals for material purchases.

To determine

Requirement6:

The Preparation of Budgeted labour cost.

To determine

Requirement7.

The preparation of Manufacturing Overheads cost budget.

To determine

Requirement8.

The Preparation of Selling and admin overheads.

To determine

Requirement9.

The Preparation of Cost of Goods sold budget.

To determine

Requirement10.

The preparation of cash budget.

Expert Solution & Answer

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Answer 4

Question

Chapter 24, Problem 1CP

To determine

Operating Budget and Cash budget:

The Operating budgets are the budget which have been prepared for the coming year for various departments to be taken as target to be achieved for various departments. The Initial step in preparation of Operating budget is the preparation of Sales Budget and on the basis of this budget, the production budget is prepared. After making the production and sales budget, various other cost budget shall be prepared like labour, manufacturing overheads, selling and admin overheads, cost of goods sold budget. The Budgeted cash collection and cash payments to be made shall also be prepared basis the sales and material purchase budget.

When all the operating budgets are prepared, then the cash budget is prepared on that basis after making analysis of cash receipts and payments during the period.

Requirement1:

The preparation of sales budget.

To determine

Requirement2:

The preparation of Production budget.

To determine

Requirement3:

The Statement showing expected cash receipts during the period.

To determine

Requirement4:

The Preparation of Material Purchase budget in $.

To determine

Requirement5:

The Statement showing expected disbursals for material purchases.

To determine

Requirement6:

The Preparation of Budgeted labour cost.

To determine

Requirement7.

The preparation of Manufacturing Overheads cost budget.

To determine

Requirement8.

The Preparation of Selling and admin overheads.

To determine

Requirement9.

The Preparation of Cost of Goods sold budget.

To determine

Requirement10.

The preparation of cash budget.

Expert Solution & Answer

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Answer 5

Chapter 24, Problem 1CP

To determine

Operating Budget and Cash budget:

The Operating budgets are the budget which have been prepared for the coming year for various departments to be taken as target to be achieved for various departments. The Initial step in preparation of Operating budget is the preparation of Sales Budget and on the basis of this budget, the production budget is prepared. After making the production and sales budget, various other cost budget shall be prepared like labour, manufacturing overheads, selling and admin overheads, cost of goods sold budget. The Budgeted cash collection and cash payments to be made shall also be prepared basis the sales and material purchase budget.

When all the operating budgets are prepared, then the cash budget is prepared on that basis after making analysis of cash receipts and payments during the period.

Requirement1:

The preparation of sales budget.

To determine

Requirement2:

The preparation of Production budget.

To determine

Requirement3:

The Statement showing expected cash receipts during the period.

To determine

Requirement4:

The Preparation of Material Purchase budget in $.

To determine

Requirement5:

The Statement showing expected disbursals for material purchases.

To determine

Requirement6:

The Preparation of Budgeted labour cost.

To determine

Requirement7.

The preparation of Manufacturing Overheads cost budget.

To determine

Requirement8.

The Preparation of Selling and admin overheads.

To determine

Requirement9.

The Preparation of Cost of Goods sold budget.

To determine

Requirement10.

The preparation of cash budget.

Answer 6

Chapter 24, Problem 1CP

To determine

Operating Budget and Cash budget:

The Operating budgets are the budget which have been prepared for the coming year for various departments to be taken as target to be achieved for various departments. The Initial step in preparation of Operating budget is the preparation of Sales Budget and on the basis of this budget, the production budget is prepared. After making the production and sales budget, various other cost budget shall be prepared like labour, manufacturing overheads, selling and admin overheads, cost of goods sold budget. The Budgeted cash collection and cash payments to be made shall also be prepared basis the sales and material purchase budget.

When all the operating budgets are prepared, then the cash budget is prepared on that basis after making analysis of cash receipts and payments during the period.

Requirement1:

The preparation of sales budget.

Answer 7

Chapter 24, Problem 1CP

To determine

Operating Budget and Cash budget:

The Operating budgets are the budget which have been prepared for the coming year for various departments to be taken as target to be achieved for various departments. The Initial step in preparation of Operating budget is the preparation of Sales Budget and on the basis of this budget, the production budget is prepared. After making the production and sales budget, various other cost budget shall be prepared like labour, manufacturing overheads, selling and admin overheads, cost of goods sold budget. The Budgeted cash collection and cash payments to be made shall also be prepared basis the sales and material purchase budget.

When all the operating budgets are prepared, then the cash budget is prepared on that basis after making analysis of cash receipts and payments during the period.

Requirement1:

The preparation of sales budget.

Answer 8

To determine

Requirement2:

The preparation of Production budget.

Answer 9

To determine

Requirement2:

The preparation of Production budget.

Answer 10

To determine

Requirement3:

The Statement showing expected cash receipts during the period.

Answer 11

To determine

Requirement3:

The Statement showing expected cash receipts during the period.

Answer 12

To determine

Requirement4:

The Preparation of Material Purchase budget in $.

Answer 13

To determine

Requirement4:

The Preparation of Material Purchase budget in $.

Answer 14

To determine

Requirement5:

The Statement showing expected disbursals for material purchases.

Answer 15

To determine

Requirement5:

The Statement showing expected disbursals for material purchases.

Answer 16

To determine

Requirement6:

The Preparation of Budgeted labour cost.

Answer 17

To determine

Requirement6:

The Preparation of Budgeted labour cost.

Answer 18

To determine

Requirement7.

The preparation of Manufacturing Overheads cost budget.

Answer 19

To determine

Requirement7.

The preparation of Manufacturing Overheads cost budget.

Answer 20

To determine

Requirement8.

The Preparation of Selling and admin overheads.

Answer 21

To determine

Requirement8.

The Preparation of Selling and admin overheads.

Answer 22

To determine

Requirement9.

The Preparation of Cost of Goods sold budget.

Answer 23

To determine

Requirement9.

The Preparation of Cost of Goods sold budget.

Answer 24

To determine

Requirement10.

The preparation of cash budget.

Answer 25

To determine

Requirement10.

The preparation of cash budget.

Answer 26

Expert Solution & Answer

Answer 27

Expert Solution & Answer

Answer 28

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Answer 29

Ch. 24 - Prob. 1QC Ch. 24 - Which is not one of the potential advantages of...Ch. 24 - The Quaker Foods division of PepsiCo is most...Ch. 24 - Which of the following is not a goal of...Ch. 24 - Which of the following balanced scorecard...Ch. 24 - The performance evaluation of a cost center is...Ch. 24 - Prob. 7QC Ch. 24 - Prob. 8QC Ch. 24 - Prob. 9QC Ch. 24 - Prob. 10QC

Requirement2: The preparation of Production budget.

Requirement3: The Statement showing expected cash receipts during the period.

Requirement4: The Preparation of Material Purchase budget in $.

Requirement5: The Statement showing expected disbursals for material purchases.

Requirement6: The Preparation of Budgeted labour cost.

Requirement7. The preparation of Manufacturing Overheads cost budget.

Requirement8. The Preparation of Selling and admin overheads.

Requirement9. The Preparation of Cost of Goods sold budget.

Requirement10. The preparation of cash budget.

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Chapter 24 Solutions

Requirement2:

The preparation of Production budget.

Requirement3:

The Statement showing expected cash receipts during the period.

Requirement4:

The Preparation of Material Purchase budget in $.

Requirement5:

The Statement showing expected disbursals for material purchases.

Requirement6:

The Preparation of Budgeted labour cost.

Requirement7.

The preparation of Manufacturing Overheads cost budget.

Requirement8.

The Preparation of Selling and admin overheads.

Requirement9.

The Preparation of Cost of Goods sold budget.

Requirement10.

The preparation of cash budget.