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Also, be sure to skim through the balance sheet as you work through this budget. He added a few more bullets to his list. The
"Also, be sure to skim through the balance sheet as you work through this budget." He added a few more bullets to his list. The accounts payable balance has to be included in expected cash payments for direct materials, Taxes payable need to be paid in the first quarter, The accounts receivable balance will be received based on the expected cash receipts schedule, and The pre-determined overhead rate (POHR) changes every year depending on our estimates, then we use that POHR all year until we recalculate for the following year
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