Budgeting: Profit Planning and Control |
Contents
Budgeting Related to the Basic Functions | 3 |
The Control Function as Related to Budgeting | 9 |
Application of Budgeting to Various Types of Firms | 15 |
Copyright | |
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Common terms and phrases
2nd Quarter activity applied assume basis breakeven analysis budget director budget period budget program budget reports budget schedules budgetary program budgeted cost budgeted sales burden rates capital additions budget cash budget cash position Chapter computed concern consideration control account cost control cost variability Depreciation detailed determine developed direct labor budget direct labor hours direct machine hours distribution expense effect Ending December 31 estimates executives expense budgets factors factory overhead firm fixed and variable fixed costs historical cost Illustration income income statement indicated indirect initial markup involves January managerial manufacturing expense materials budget ment method month operations overhead payable physical units planning budget prepared principal problem producing departments production budget profit quantity raw material relevant range responsibility return on investment sales budget Sales District sales forecast semivariable standard cost Superior Manufacturing Company supervisors Supervisory salaries taxes tion top management Total variable components variable costs variance volume