 |  Introduction to Managerial Accounting Jeannie M. Folk Ray H. Garrison Eric Noreen
Profit Planning
Learning ObjectivesAfter studying Chapter 7, you should be able to:
1Understand why organizations budget and the processes they use to create budgets. |
 |  |  | 2Prepare a sales budget, including a schedule of expected cash receipts. |
 |  |  | 3Prepare a production budget. |
 |  |  | 4Prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials. |
 |  |  | 5Prepare a direct labor budget. |
 |  |  | 6Prepare a manufacturing overhead budget. |
 |  |  | 7Prepare a selling and administrative expense budget. |
 |  |  | 9Prepare a budgeted income statement. |
 |  |  | 10Prepare a budgeted balance sheet. |
|