Scribd Logo
Upload

Welcome to Scribd!

  • Short-Term Budgeting

    Uploaded by

    joven umandap
    12 views1 page
    The document outlines short term budgeting processes including sales budgeting using statistical forecasting, internal estimates, and factor analysis. It also describes how to calculate budgets for production, direct materials, direct labor, factory overhead, and cash flow by determining projected sales, beginning and ending finished goods, budgeted production, direct materials and labor used, overhead rates, and a cash report presentation model.

    Original Description:

    MAS

    Original Title

    Short-term Budgeting

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document outlines short term budgeting processes including sales budgeting using statistical forecasting, internal estimates, and factor analysis. It also describes how to calculate budgets for production, direct materials, direct labor, factory overhead, and cash flow by determining projected sales, beginning and ending finished goods, budgeted production, direct materials and labor used, overhead rates, and a cash report presentation model.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views1 page

    Short-Term Budgeting

    Uploaded by

    joven umandap
    The document outlines short term budgeting processes including sales budgeting using statistical forecasting, internal estimates, and factor analysis. It also describes how to calculate budgets for production, direct materials, direct labor, factory overhead, and cash flow by determining projected sales, beginning and ending finished goods, budgeted production, direct materials and labor used, overhead rates, and a cash report presentation model.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MAS: SHORT TERM BUDGETING

    Sales Budget

    1. Statistical forecasting
    2. Make an internal estimate by collecting opinions to sales staff
    3. Analyze various factors affect revenue

    Budgeted Production

    Projected Sales + Finish Goods, end – FG, Beg.

    Direct materials budget

    1. Budgeted direct materials used – BP X SM/unit of FG


    2. Budgeted Direct materials purchased – DMU + FG, end – FG, Beg.

    Direct Labor Budget

    1. Budgeted Direct labor Hours – BP X SDLH/unit


    2. Budgeted Direct Labor cost – BDLH X DL rate/ hour

    Factory Overhead Budget

    1. Budgeted Variable overhead – BP X Std. Variable OH/ unit


    2. Budgeted Fixed overhead – NC X Std. FOH rate/ unit

    = Budgeted total Overhead

    Budgeted Statement of cash Flow

    Cash report presentation model

    You might also like