Budgeted Income Statement Pdf

Follow your teacher s instructions and the guidelines that follow on how to complete the budgeted income statement below.

Budgeted income statement pdf. Sami s skateboards budgeted income statement student name date directions. Income statement statement of financial performance like a video 2. 6 10 sensitivity analysis adds an extra dimension to budgeting. Cash flow statement these budgets summarise the forecasts made in all the other budgets which we have learnt how to prepare in this unit so far.

Budgeted income statement. If the budgeted profit does not meet expectation management may wish to reevaluate their original expectations. Prepare the operating budget. Budgeted financial statements include.

This was due to the income being 5 400 less 100 000 94 600 and the expenses such as water and electricity being greater than expected. Such as cost of goods sold and nonmanufacturing costs exercise 7 learning objective 3. For the three months ended june 30 sales 100 000 units 10 1 000 000 cost of goods sold 100 000 4 99 499 000 ending finished goods inventory. The budgeted income statement and its su pppp g ortin g schedules.

The detail of the assignment is in the ichm assessment brief bbhm209 s2 2017 pdf p 11 p 13. Prepare the operating budget. In the budgeted income statement example above we can see that the actual profit for the period is about 8 500 less than what was planned for. Assessment budgeted income statements order summary type of assignment assessment academic level university level bachelor s referencing style harvard number of sources 1 subject accounting client country australia uk english assignment extract.

Student resource 4 9 independent practice. For the month ending 31 july 2020 marks sales 65 250 2 2 less cost of sales 45 072 1 1 add freight inwards 3 750 1 1. Cost of goods sold 100 000 4 99 499 000 gross margin 501 000. Balance sheet statement of financial position like a photo 3.

Budgeted income statement once the preceding budgets have been completed the budgeted income statement may be prepared. It enables managers to. The budgeted income statement and its supppp gorting schedules. S bend plumbing pty ltd.

The budgeted income statement sl bd royal company budgeted income statement sales budget. It is compiled from a number of other budgets the accuracy of which may vary based on the realism of the inputs to the budget model. Be sure to have all your budget schedules from student resources 4 7 and 4 8 and other documents from sami s skateboards on hand as you. Prepare the budgeted income statement 6 9 the sales forecast is typically the cornerstone for budgeting because production and hence costs and inventory levels generally depend on the forecasted level of sales.

The budgeted income statement contains all of the line items found in a normal income statement except that it is a projection of what the income statement will look like during future budget periods.