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Author Question: Listed below are elements of the master budget. Determine whether each budget is an operating budget ... (Read 249 times)

geodog55

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on: Mar 6, 2021

Question 1

Favata Company has the following information: 

MonthBudgeted Sales
June$60,000
July51,000
August40,000
September70,000
October72,000

In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month's cost of sales. 

Required:
Prepare a purchases budget for July through September.

Question 2

Listed below are elements of the master budget.  Determine whether each budget is an operating budget or a financial budget.  Place an O for operating budget or F for a financial budget.

1.Capital expenditures budget
2.Cost of goods sold budget
3.Revenues budget
4.Budgeted statement of cash flows
5.Distribution costs budget
6.Marketing costs budget
7.Cash budget
8.Direct materials cost budget
9.Budgeted balance sheet
10.Budgeted income statement
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by geodog55 on Mar 6, 2021

harveenkau8139

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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geodog55

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

bblaney

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Reply 3 on: Yesterday
Wow, this really help

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