Draw flowcharts, similar to those in Exhibits 9.1 and 9.2 , to represent the budgeting process used
Question:
Draw flowcharts, similar to those in Exhibits 9.1 and 9.2 , to represent the budgeting process used by a fashion retailer.
Exhibit 9.1
Exhibit 9.2
Transcribed Image Text:
Strategic planning Budget assumptions Sales budget Cost budgets Capital expenditure budget Budgeted Budgeted Cash budget balance income sheet statement Financial Õperating budgets budgets Sales budget Beginning and ending work in process and finished goods inventory Production budget Direct Direct Manufacturing Beginning and ending raw materials inventory materials labour overhead budget budget budget
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The flow chart below depicts the components of the annual budget f...View the full answer
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Related Book For
Management Accounting Information for creating and managing value
ISBN: 978-1760420406
8th edition
Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne
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