Ünite 6: Using Cost Data for Planning — Hızlı Bakış
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Always start the master budget process with the sales budget, as all subsequent operating and financial budgets depend directly or indirectly on sales forecasts.
Remember that merchandising companies do not prepare a production budget; they prepare a merchandise purchase budget instead.
Pay close attention to the distinction between static and flexible budgets: static budgets use a single fixed activity level, while flexible budgets adjust for cost behavior over an interval of activity.
Do not confuse the direct materials usage budget (materials needed for production) with the direct materials purchase budget (materials to be bought after adjusting for inventory levels).
Identify non-cash expenses like depreciation and deduct them when translating operating expenses into cash disbursements for the cash budget.
Understand that participative budgeting (bottom-up) increases motivation and accuracy but carries the risk of budgetary slack (padding).
