Which budget summarizes the expected sales, production activities, and related costs of the budgetary period in...
Which budget summarizes the expected sales, production activities, and related costs of the budgetary period in order to determine an estimate of profitability?
a. An operating budget
b. A cash flow budget
c. A capital expenditure budget
d. A sensitivity analysis budget
Homework Answers
| An operating budget for a company shows the company's sales, | ||||||
| production activities, and costs over a given time | ||||||
| period to estimate the profitability of the company. | ||||||
| A cash flow budget is a budget that shows the cash receipts | ||||||
| and cash expenditures during a given time period. | ||||||
| A capital expenditure budget is a budget that shows the | ||||||
| fixed asset purchases by a company. | ||||||
| In other words, the budget is an estimate of the | ||||||
| the company's expenses on capital expenditure. | ||||||
| a. An operating budget | ||||||
Add Answer to:
Which budget summarizes the expected sales, production
activities, and related costs of the budgetary period in...
Definition A. A statement that summarizes budgeted sales revenue and expenses for the budget period B....
Definition A. A statement that summarizes budgeted sales revenue and expenses for the budget period B. A budget showing how many units need to be produced in each budget period. C. A statement showing the estimated total sales revenue to be generated in each budget period D. A statement that shows expected assets, liabilities, and owners' equity at the end of the budget period. E. A goal that management wants to achieve within one year or loss. F. Budgeted manufacturing...
Match the following budget related terms with its proper description. Terms: budgetary slack, budgeted financial statements,...
Match the following budget related terms with its proper description. Terms: budgetary slack, budgeted financial statements, incremental budgeting, activity-based budgeting, life cycle budget, sales budget, cash budget, zero-based budgeting 1) would be appropriate for a project manager to use for a project to remodel the President's office 2) Some managers increase their projected expenses in order to create this margin for their performance measure 3) These are the result of the budget process and show pro forma figures 4) Some...
Please answer all 3 What appears in a capital expenditure budget? A. Expected units of sales...
Please answer all 3
What appears in a capital expenditure budget? A. Expected units of sales times the expected sales price B. Purchases of property, plant and equipment O C. Expected units of sales D. Production budget What is the starting point when developing the Direct Materials budget? O A. Production budget O B. Sales budget C. Manufacturing overhead budget O D. Direct labor budget For a Production budget and a Direct Materials budget, ifa beginning inventory number is not...
Which budget is a plan of all expected cash receipts and cash disbursements for the budget...
Which budget is a plan of all expected cash receipts and cash disbursements for the budget period?. capital budget working capital budget cash flow statement cash budget
Which of the following budgets is not directly associated with the production budget? a. sales budget...
Which of the following budgets is not directly associated with the production budget? a. sales budget b. direct labor cost budget c. capital expenditures budget d. direct materials purchase budget
what were the total manufacturing costs for the period Fill in the blank by matching the...
what were the total manufacturing costs for the period
Fill in the blank by matching the correct title to its appropriate
definition.
Part Il: Fill in the blank by matching the correct title to its appropriate Balanced scorecard Gross margin Variance Master budget v Flexible budget Cash budget Zero-based budgeting Budget w Static budget v Rolling budget incremental budgeting Fixed budget Top-down budgeting Capital budget Kaizen budgeting Operating budget. Participatory budgeting Financial budget An organization's action plan, translating strategic objectives...
Which one of the following are the components of the financial budgets? a. Budgeted statement of...
Which one of the following are the components of the financial budgets? a. Budgeted statement of profit or loss, budgeted statement of financial position, cash budget and capital expenditure budget. b. Budgeted statement of profit or loss, sales/fees budget and cash budget. c. Operating budget and production budget. d. Capital expenditure budget and manufacturing budget. Which one of the following statements about a budget is correct? a. Budget targets are always impossible to meet. b. Budgets must be prepared by...
The master budget at Western Company last period called for sales of 226,100 units at $10.10...
The
master budget at Western Company last period called for sales of
226,100 units at $10.10 each. The costs were estimated to be $3.86
variable per unit and $226,100 fixed. During the period, actual
production and actual sales were 231,100 unit. The selling price
was $10.20 per unit. Variable costs were $5.60 per unit. Actual
fixed costs were $226,100.
Required Prepare a profit variance analysis.
(Indicate the effect of each variance by selecting “F” for
favorable, or “U” for unfavorable....
1. Which of the following best describes variance analysis? Comparing ideal costs to master budget costs...
1. Which of the following best describes variance analysis? Comparing ideal costs to master budget costs Comparing flexible budget costs to master budget costs Comparing master budget costs to actual costs Comparing flexible budget costs to actual costs 2. The Rubber Division of Morgain Company manufactures rubber moldings and sells them externally for $29. Its variable cost is $12 per unit, and its fixed cost per unit is $8. Morgain's president wants the Rubber Division to transfer 5,000 units to...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estim...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230.000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225.000. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for...
Definition A. A statement that summarizes budgeted sales revenue and expenses for the budget period B. A budget showing how many units need to be produced in each budget period. C. A statement showing the estimated total sales revenue to be generated in each budget period D. A statement that shows expected assets, liabilities, and owners' equity at the end of the budget period. E. A goal that management wants to achieve within one year or loss. F. Budgeted manufacturing...
Please answer all 3
What appears in a capital expenditure budget? A. Expected units of sales times the expected sales price B. Purchases of property, plant and equipment O C. Expected units of sales D. Production budget What is the starting point when developing the Direct Materials budget? O A. Production budget O B. Sales budget C. Manufacturing overhead budget O D. Direct labor budget For a Production budget and a Direct Materials budget, ifa beginning inventory number is not...
what were the total manufacturing costs for the period
Fill in the blank by matching the correct title to its appropriate
definition.
Part Il: Fill in the blank by matching the correct title to its appropriate Balanced scorecard Gross margin Variance Master budget v Flexible budget Cash budget Zero-based budgeting Budget w Static budget v Rolling budget incremental budgeting Fixed budget Top-down budgeting Capital budget Kaizen budgeting Operating budget. Participatory budgeting Financial budget An organization's action plan, translating strategic objectives...
The
master budget at Western Company last period called for sales of
226,100 units at $10.10 each. The costs were estimated to be $3.86
variable per unit and $226,100 fixed. During the period, actual
production and actual sales were 231,100 unit. The selling price
was $10.20 per unit. Variable costs were $5.60 per unit. Actual
fixed costs were $226,100.
Required Prepare a profit variance analysis.
(Indicate the effect of each variance by selecting “F” for
favorable, or “U” for unfavorable....
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230.000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225.000. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for...
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