ADM 2304 Lecture Notes - Lecture 9: Blackboard, Finished Good

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> large companies often use multiple predetermine overhead rates, it may be more accurate because it re ects differences across departments. Chapter 9: (for this chapter, look at the blackboard slides :)) > participative (self reviewed by higher levels of management to imposed) budgets should be prevent budgetary slack. > most companies do not rely exclusively upon participative budgets in the sense that top managers usually initiate the budget process by issuing broad guidelines in terms of overall pro ts or sales. > 30l + 40l = 170k for april . > production must be adequate to meet budgeted sales and provide for suf cient ending inventory. What is the required production for may: 56,000 units, 46,000 units. 50, 000 + 30 000 * 20% - 10 000 ending inventory for april. > the direct materials budget details the raw materials that must be purchased to ful ll the production budget and to provide for adequate inventories.

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