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WorksheetsMaster Budgets
Total questions: 14
Worksheet time: 12mins
It is the process of planning and
management of the long-term investments of
the company.
Cash budget
Capital Budget
Sales budget
Profitability budget
Budget showing the forecast of future entries
and cash outflows (money in cash) of a company, to
a certain period of time.
Sales budget
Capital budget
Cash budget
Profiability budget
It's a scheduled estimate
systematically from the
operating conditions and the
results to be obtained by a
organism in a period
determined.
Fiancial Statement
Cash flow
Budget
It is the cost of the materials used in the manufacture of the tangible goods or services produced.
In the case of manufacturing companies, the materials, physically converted into part of the finished product
Indirect costs
Direct costs
This is the cost of the personnel directly linked to production (salary), i.e. the personnel involved in the transformation of the material into the finished product, the employees who work directly with the product.
direct labor cost
Indirect labor cost
cost centre
These are the costs of personnel who are not directly involved with the transformation of the raw material into a finished product, but whose responsibilities are to support, supervise or direct.
Direct labor
Indirect labor
Cost centre
Administrative cost are:
Cost of interest the company pays on loans.
These are the costs of personnel who are not directly involved with the transformation of the raw material into a finished product, but whose responsibilities are to support, supervise or direct
These are the costs of materials necessary for production, but which are not part of the finished product, or if they are, their cost is insignificant in relation to the total cost.
These are the costs incurred in the management, planning, control or operations of the company.
What is the definition of the master budget?
It is a process of making of the budget that allocates funds according to the efficiency and need for to achieve the objectives of the organization instead of considering the budget history of years previous.
It is basically an estimate of a company's future costs, expenses and revenues for planning its operations.
is an economic estimate that helps to forecast and project the future of the company and to establish the administrative process to be followed in order to obtain the expected profits
what are the elements that integrate a budget?
assets, liabilities, equity
income, cost and expenses
materials, purchases, raw material inventories
It's an advantage of budgets
Your data, when estimated, will be subject to the judgment or experience of those who determined it
Coordinate and link the activities of the organization
Coordinate the different cost centers in order to ensure that the company runs in a comprehensive manner
They facilitate administrative control
What is the cash flow budget based on?
is based on credit and collection policies
is based on the sales report
is based on the expense report
Observe el siguiente Presupuesto de Ventas incluido en el Presupuesto maestro... . .
Determine, qué porcentaje de incremento en ventas puede notar entre el mes de enero y febrero ?
7%
8%
5%
10%
Suponga que el Estado de Resultados del presupuesto maestro, es el que refleja la imagen de ésta pregunta... Determine el % de incremento de Ventas entre el mes de Marzo respecto al mes de Enero
15%
26.5%
10%
28%
Cuál sería el precio unitario promedio por pieza que muestra el presupuesto maestro de ésta imagen ?
$159
$130
$115
$125
