Match the following budgets with their definitions.

Obj. 2

a. sales budget

b. production budget

c. direct materials budget

d. direct labor budget

e. manufacturing overhead budget

f. selling and administrative budget g. cash budget h. pro forma budgeted income statement i. pro forma budgeted balance sheet 1. identifies the labor resources required to meet production needs 2. identifies the amount of materials that will be required to support a company's total production needs 3. a schedule of revenues and expenses prepared from information developed in the budget process 4. identifies the expected amount of assets, liabilities, and owners' equity at the end of the budget process 5. contains a list of anticipated expenses for the period for activities other than manufacturing 6. identifies the amount of a product that must be manufactured to meet a company's needs for sales and inventory 7. provides a schedule of all costs of production other than direct materials and direct labor 8. describes cash requirements for the budget period 9. projects revenues from sales of a company's products or services