3. WHAT IS FUNCTIONAL BUDGETS?
Functional budgets are associated with the functions of an organization .
Examples of functional budgets include sales budgets, production
budgets, labor budgets, cost budgets, overhead budgets, capital
expenditure budgets, and cash budgets...
4. SALES BUDGETS
A sales budgets is a financial plan that estimates a
company’s total revenue in a specific time period..
5.
6. PRODUCTION BUDGET
Production budget is financial planning related to the units
of product that the management thinks that the business
should produce in the upcoming period to match the
estimated sales quantity…
7.
8. LABOR BUDGET
The direct labor budget is used to calculate the number of
labor hours that will be needed to produce the units
itemized in the production budget..
9.
10. COST BUDGET
Cost budget is a financial plan exhibiting the expected
costs related to running a business or undertaking a project
or for developing a product..
11. OVERHEAD BUDGET
Overhead budget is prepared to forecast and present all the
expected costs concering manufacturing the goods that the
company expects to incur in the next year..
12.
13. CASH BUDGET
A cash budget is an estimation of the cash flows of a
business over a specific period of time..
