Budgeted Income Statement

Budgeted Income Statement

A balance sheet listing the estimated revenues and expenses for the coming year. It also states the company's expected profit. The budgeted income statement is used to show financial strengths or weaknesses at the beginning of each year.
References in periodicals archive ?
From the changes we have identified in our detailed budget preparation, we can evaluate how these affect the three elements of the master budget: the budgeted income statement, the cash budget and the budgeted balance sheets.
For the budgeted income statement, because we are now using marginal costing we must deduct variable costs from sales to give us the contribution and then deduct all of the fixed costs to arrive at the profit (see panel 7).
To prepare the budgeted income statement (see panel 9), we need to know the budgeted non-production overheads.
It comprises the budgeted income statement, the cash budget and the budgeted balance sheets.
For the budgeted income statement we must calculate the cost of sales for each month using the fully absorbed cost per unit.
E[acute accent]- The components of operating budget like sales budget, production budget, production cost budget, ending inventory budget, cost of goods sold budget, selling expenses budget, administrative expenses budget and budgeted income statement E[acute accent]- The components of financial budget like capital expenditure budget, cash budget, budgeted balance sheet, and cash flow budget
The budgeted income statement shows Southern generates a monthly loss of $800, with a product mix of 200 cases of sauces, 300 soups and 500 casseroles.
Finally, they want more data on the company's current value accounting, budgeted income statements, management audits and segment information.