chapter 8 Flashcards
1
Q
strategic planning
A
Look 5 years in the future
2
Q
Rolling budget
A
every month that passes another month is budgeted
3
Q
Participative Budget
A
Every level managers create a budget
4
Q
Safety Stock
A
Stock extra just in case for unexpected increase of demand
5
Q
Zero-base Budgeting
A
Blank slate data to create budget
6
Q
Master Budget
A
Comprehensive document of budgets
7
Q
Operating budget
A
budgeted income statement
8
Q
Financial Budget
A
Budgeted Balance sheet
9
Q
Production Budget
A
units to be sold+ desired ending inventory- beginning inventory
10
Q
DM budget
A
units to producex amount of dm per unit + desired inventory - beg inventory
11
Q
DL Budget
A
units produce x DL hours per unit x DL cost per hour
