Direct Labor Budget –Meaning, Benefits, Calculation, and More
As the word suggests, the Direct Labor Budget relates to the cost of direct labor involved in production/assembly or service. Specifically, this budget shows… Read Article
Master Budget
Direct Materials Budget: Meaning, Components, Format, Advantages, and Variance Analysis
Direct Materials Budget: MeaningA budget that shows how much quantity of direct raw material is required according to the production target level for a… Read Article
Comprehensive Budget
What is a Comprehensive Budget?A comprehensive budget consists of all the recurring income and expenditure and non-recurring expenditure. It does not include non-recurring income… Read Article
Sales Budget
What is a Sales Budget?The sales budget, a type of operating budget, is a forecast of the expected units a company intends to sell… Read Article
Cash Budget
What is a Cash Budget?A Cash budget represents the expected future cash flow of an organization over a defined period of time. It is… Read Article
Production Budget
What is the Production Budget?A budget is a financial plan for a defined period, whether monthly, quarterly or annually. It estimates a wide variety… Read Article
Budgeted Balance Sheet – Importance, Steps, Adjustments and More
A budgeted Balance Sheet is similar to a regular balance sheet and has the same line items as well. The only difference between the… Read Article
Capital Expenditure Budget
Before we understand the Capital Expenditure Budget, let’s first try to clarify what the term Capital Expenditure stands for.What is Capital Expenditure?Capital Expenditure is… Read Article
Budgeted Income Statement – Meaning, Importance And More
Organizations always rely on comparative performance to understand where they lack and the places where they excel. A Budgeted Income Statement, a type of… Read Article
Operating Vs Financial Budget
Both operating and financial budgets are part of the master budget. While discussing differences between operating and financial budgets, first, let us understand what… Read Article
Master Budget
What is Master Budget?All the functional divisions of the organization prepare the budget for the particular division. The master budget is the sum total… Read Article