_________________is an operating budget
Q: is generally prepared as the first step in preparing the operating budgets O a. A sales budget O b.…
A: Lets understand the basics. Management prepares various budgets in order to estimate future profit…
Q: S1: The production budget is prepared in units and in monetary terms. S2: The direct materials…
A: A financial plan that is prepared by the managers in order to estimate revenues and expenses for a…
Q: explain the difference between operating budgets and capital expenditure budget
A: A budget, which is used by governments, businesses, and individuals, is an estimate of revenue and…
Q: A budget w irrespective called?
A: Option (B) fixed budget is the correct answer.
Q: Discuss the uses and advantages of budget.
A: A budget is a financial projection of a company's anticipated earnings and expenses. A budget, on…
Q: Explain the term of operating budget.
A: Introduction Budget is monetary plan for future. It deals with where the company wants to reach in…
Q: A budgeted income statement is prepared from which budgets
A: The budget is prepared to estimate the requirements for the future period.
Q: Define the term operating budget.
A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…
Q: . what is a budget, and what are the different types of budgets? b. what operating budget exists…
A: a. Budgets are a condensed way of generating estimates or plans at various levels of sales in…
Q: is an operating budget?
A: The budget is prepared to estimate the requirements for the future period.
Q: Google prepares a cash budget. What is a cash budget? Why must operating budgets and the capital…
A: Budgeting is the method of making an arrangement to spend your money. This investing arrangement is…
Q: The "Budget" column of a flexible budget report reflects: budgeted costs at the budgeted level of…
A: Solution Concept Flexible budget Flexible budget is a budget which is prepared by changing the…
Q: Which of the following is the cornerstone of the master budget? a. The selling and administrative…
A: Master Budget: It includes companies budget plan for purchases, production, overhead, cost of goods…
Q: Operating and financial budgets. Which of the following statements is correct regarding the drivers…
A:
Q: A fixed budget is: Select one: a. A budget for fixed costs b. A budget for fixed assets c. A budget…
A: Given: A fixed budget is: Select one: A budget for fixed costs A budget for fixed assets A budget…
Q: When preparing a budget, A.GST is a necessary cost of doing business B.GST is only necessary for…
A: GST refers to Goods and Services Tax. It is an indirect tax levied on the value of goods and…
Q: What are the benefits of making an operating budget?
A: Operating Budget: The operating budget is that budget which is prepared to plan all the operating…
Q: What is the most commonly used Comparison pertaining to the budget
A: the budgeting process is considered to be an essential component of the management control system as…
Q: Which of the following includes only financial budgets?A. capital asset budget, budgeted income…
A: Budgets are the forecasts or estimates that are made for future period of time. Process of making…
Q: Define operating budget
A: An operating budget comprises all things considered and costs over some stretch of time (regularly a…
Q: budget flexed? Give an Example.
A: Flexing of budget is a method used to prepare estimates of the future level of revenues and…
Q: Q.Master budget. Which of the following statements is correct regarding the components of the master…
A: The correct answer is Option (b).
Q: Which of the following represents the normal sequence in which the indicated budgets are prepared?…
A: Solution:- The following normal sequence indicated for preparing budgets as follows under:-
Q: Which of the operating budgets is prepared first?A. production budgetB. sales budgetC. cash received…
A: Budgets are the estimates or forecasts that are being made for future period of time. Budget…
Q: Which of the following is the cornerstone of the master budget? The selling and administrative…
A: Master budget: Master budget is the set of budgeted financial statements and supporting schedules…
Q: in the o
A: The right answer is Budgeted Balance Sheet
Q: Example of preparing a Pro Forma Balance Sheet Statement Budget
A: Pro Forma: A pro forma statement could be a prediction, and a budget is a plan. Your budget could…
Q: a. Explain your understanding about the budget cycleb. Please give an example of budget cycle's…
A: The budget is a process of planning the things in advance, estimating the future outcomes and…
Q: _________budget evaluates the results of operations at the actual level of activity
A: The Answer
Q: Explain the types of budget.
A: Budgets: Budgets are prepared for the planning and controlling purposes. Budgets facilitate planning…
Q: Which of the following is not part of the operating budget? a. The direct labor budget b. The cost…
A: Direct labor Budget is used to calculate number of labor hours that are needed to produce the units…
Q: How does management use an operating budget?
A: All companies, large and small, have limits on the amount of money or resources they can receive and…
Q: Define the term Budget, Budgeting, Budgeting Control and explain the advantages and limitations of…
A: Preparation of budget is an important activity under the purview of costing techniques followed.…
Q: 7) A master budget is a set of Budgets made Forecasts made Schedules and budgeted financial…
A: Budgeting: It is the preplanning of all expenditures to be done in relation with the present income…
Q: Which of the following is not an operating budget?
A: Operating Budget is those Budget which relates to the Daily Operations of a Organization, Generally…
Q: Which of the following budgets are prepared before the sales budget? Budgeted Direct Income Labor…
A: The budget is prepared by the management based on experience. Based on the budget, It is helpful for…
Q: ________appears on the budgeted balance sheet?
A: The Answer
Q: The budget process usually begins with which of the following budgets? Question 13 options:…
A: Budgeting is a process to prepare the financial statement by the manager to estimate the…
Q: Static budget reflects the plan or estimates made reflecting the actual activity level. O True False
A: >Budgets are the future estimates based on certain assumptions and estimates. >Budgets can…
Q: What is an operating budget?
A:
Q: 1. The first step involved in preparing a master budget is A. Preparing a forecasted Income…
A: the steps involved in master budget - - preparation of sales or income statement - Preparation of…
Q: What is a selling expense budget? What is a capital expenditures budget?
A: A Budget is a Financial Plan made for Future period of time. There are many types of Budgets such as…
Q: True or false a. The direct materials budget shows the number of units that are to be produced…
A: A budget is a statement that shows the expected financial position of the entity after a certain…
Q: Which of the following will not appear in a cash budget? a.Wages b.Machinery bought on hire purchase…
A: Cash Budget: A cash budget provides details of a company’s cash inflow and outflow throughout a…
Q: Which of the following would depict the logical order or sequence for preparing the following:(1) a…
A: Solution- A company will prepare the sales budget first to analyse the sales for the period than it…
Q: Financial budgets are the basis for preparing operating budgets. Select one: O True O False
A: The answer for the True or false question and relevant explanation are presented hereunder :
_________________is an operating budget
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- Which of the following is an operating budget? A. cash budget B. production budget C. tax budget D. capital budgetWhich of the following is not an operating budget? A. sales budget B. production budget C. direct labor budget D. cash budget5 A budget prepared to give the budgeted cost of any level of activity is termed as a ___________. a. Rolling budget b. Fixed budget c. Annual budget d. Flexible budget