1.

operating budget/budget : financial plans associated with income-producing activities of the company

2. master budget : collection of all area and activity budgets representing a firm's comprehensive plan of
action

3. sales budget : expected sales for each product in units and dollars for the coming
period.
4. direct labor budget : total direct labor hours needed and the associated cost based on
the input-output relationship of each product.

5. production budget : budget that show how many units must be produced to meet sales needs and
satisfy ending inventory requirements.

6. budget : a plan of action expressed in financial terms

7. The capital expenditures budget : financial plan outlining the expected acquisition of long-
term assets, typically over a number of years.

8. budget director : responsible for coordinating and directing the overall budgeting process

9. cash budget :

10. marketing expense budget : outlines planned expenditures for selling and
distribution activities.
11. administrative expense budget : consists of estimated expenditures for the overall organization and
operation of the company.

12. ending finished goods : planned ending inventory of finished goods in units and dollars

13. overhead budget :reveals the planned expenditures for all indirect manufacturing items

14. control :process of setting standards, receiving feedback on actual performance and taking
corrective e action

15. budget committee : responsible for setting budgetary policies and goals

16. direct material purchases budget : outlines the expected usage of materials production and
purchases of the direct materials required

17. financial budget :the part of master budget that includes the budgeted balance sheet, statement of
ash flows and capital budget

18. A continuous (or rolling) budget : a moving 12-month budget

19. research and development expense budget :outlines the estimated expenditures of r&d activities for
the coming year
20. budget : useful in performance evaluation of a manager