Master Budget: Production Budget | Managerial Accounting | CPA Exam BAR скачать в хорошем качестве

Master Budget: Production Budget | Managerial Accounting | CPA Exam BAR

This video explains the production budget, which is a key part of the master budget in managerial accounting. Struggling with accounting concepts? Don’t study alone. Get access to detailed video lectures, practice questions, video simulations, and more. 🎓 Designed to supplement your accounting and CPA review course and help you truly understand the material. 🌐 Start learning now at: https://www.farhatlectures.com This video explains the production budget, which is a key part of the master budget in managerial accounting. The video demonstrates how to create a production budget using an example of a company that produces snowboards. It covers: 0:00 Introduction How to calculate the required production units by considering budgeted sales, desired ending inventory, and beginning inventory (4:50). How the production budget then informs other budgets: Direct material budget: Calculating the amount and cost of raw materials needed based on production units (6:25). Direct labor budget: Determining the hours and cost of labor required for production (8:08). Factory overhead budget: Breaking down variable and fixed overhead costs (8:52). #cpaexam #managerialaccounting #financeeducation #accountingeducation