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Wednesday, March 9, 2016

AIOU SOLVED ASSIGNMENT 2 CODE 462 AUTUMN 2015


AIOU SOLVED ASSIGNMENT 2 CODE 462 COST ACCOUNTING AUTUMN 2015


Solved assignment # 2 for aiou students for course code 462 cost accounting for B.com students autumn semester 2015 and semester spring 2016. In Cost Accounting we also discussed Operational Budget Relationships Sales revenues fund the other operational budgets. The sales budget and all other department budgets are closely related. The cost of producing an item, including direct costs and indirect costs is a major consideration when setting the selling price of a line of merchandise. Yet the selling price must be competitive in the marketplace to make enough sales to fund the other           budgets. Streamlining the process and minimizing waste is essential to increasing profits.
Financial Budget

The financial budget has five parts. The schedule of expected cash receipts is based on predicated future sales revenues during each period. The amount for each month or quarter will vary in small businesses that are cyclical in nature. The schedule of expected cash payments reflects the amount of money your business plans to spend on purchases during each financial period. The cash budget, income statement and balance sheet all reflect budgeted amounts. If you compare them with the actual numbers at the completion of each quarter, then you can make any necessary adjustments.

MASTER BUDGET ORDER OF COMPLETION


Some component budgets require financial data from other budgets before you can complete them. The correct order for completing the operational budget components is:- sales, production, direct material purchases, direct labor, overhead, administrative and cost of goods manufactured.

For students assistance we are going to upload the  wosolved assignment # 2 for this course 462 on the following link just press word “CLICK

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