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Definitions: Budget Master Budget Continuous Budget Static Budget Flexible Budget Capital Expenditure Budget Cash Budget Order of budget preparation Production budget calculation Identification of: Flexible

  1. Definitions:
  • Budget
  • Master Budget
  • Continuous Budget
  • Static Budget
  • Flexible Budget
  • Capital Expenditure Budget
  • Cash Budget
  1. Order of budget preparation
  2. Production budget calculation
  3. Identification of:
  • Flexible budgets
  • Continuous budgets
  • Zero-based budgets
  • Sales budget
  • Master budgets
  1. Calculation of flexible budget
  2. Uses of production budget
  3. First budget prepared?
  4. Calculation of Sales budget
  5. Calculation of Production budget
  6. Calculation of Materials budget
  7. Calculation of Labor budget
  8. Calculation of Cash Receipts
  9. Calculation of Cash Payments

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