chapter 8

Question 1

strategic planning

Answer 1

Look 5 years in the future

Question 2

Rolling budget

Answer 2

every month that passes another month is budgeted

Question 3

Participative Budget

Answer 3

Every level managers create a budget

Question 4

Safety Stock

Answer 4

Stock extra just in case for unexpected increase of demand

Question 5

Zero-base Budgeting

Answer 5

Blank slate data to create budget

Question 6

Master Budget

Answer 6

Comprehensive document of budgets

Question 7

Operating budget

Answer 7

budgeted income statement

Question 8

Financial Budget

Answer 8

Budgeted Balance sheet

Question 9

Production Budget

Answer 9

units to be sold+ desired ending inventory- beginning inventory

Question 10

DM budget

Answer 10

units to producex amount of dm per unit + desired inventory - beg inventory

Question 11

DL Budget

Answer 11

units produce x DL hours per unit x DL cost per hour