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Flashcards in Budgets Deck (23):
1

Budget

2 points

2

Features of budget

4 points

3

Diff between forecast and budget

5 points

4

Sales budget

4 points

5

Factors for sales budget

5 points

6

Production budget

5 points

7

Factors for production budget

5 points

8

Diff between production and sales budget

2 points

9

Cost of production budget

4 points +3 types

10

Materials budget

3 points + 3 steps
+2 categories

11

Direct labour budget

2 points+ 2 categories
Formulae:
Direct Labour Cost
Direct Labour Hours

12

Factory Overhead Budget

3 points +3 types

13

Diff between production and material budget

2 points

14

Administrative Overheads Budget

3 points

15

Selling and distribution budget

3 points

16

Capital Expenditure Budget

3 points

17

Cash Budget

2 points + 5 advantages

18

Master budget

3 points +6 steps

19

Advantages of budgets

7 points

20

Limitations of budgets

7 points

21

Cash flow statement

4 points

22

Uses of cash flow statements

4 points

23

Limitation of cash flow statement

3 points