Cost Accounting- Budgets
You will create department budgets for the four main departments of SRS Educational Supply Company: Sales, Purchasing Operation,and Finance. review the information for Final Project II. Then, using the Final Project II workbook, complete the four department budgets for the three-month period beginning July 1 and ending September 30.Specifically, you must address the critical elements listed below:I.Budgeting: Prepare Budgets Complete the following:
A sales budget by month and in total
A schedule of expected cash collections from sales by month and in total
A merchandise purchase budget in dollars by month and in total
A schedule of expected cash disbursements for merchandise purchases by month and in total
A selling and administrative budget by month and in total
A schedule of expected cash disbursements for selling and administration
SAMPLE ASSIGNMENT
