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Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663

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BuyFindarrow_forward

Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663
Chapter 8, Problem 6DQ
Textbook Problem
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All budgets depend on the sales budget. Is this true? Explain.

To determine

Explain whether the given statement is true (all budgets depends on the sales budget).

Explanation of Solution

Sales budget: This budget is prepared by the organization for the yearly or monthly basis as per need. It includes all the estimated revenues from the entire operating source.

Sales budget is prepared to estimate or project the sales in dollars and units for a particular period of time.

Sales are the only source to generate revenue for the business in other areas only expenses are incurred. For survival of business in long term it is necessary to prepare sales budget precisely. If the estimation of sale is not done properly then organization may be in danger itself...

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Chapter 8 Solutions

Cornerstones of Cost Management (Cornerstones Series)
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