Abstract
Abstract This paper presents in condensed form many of the essential principles for the application of budgeting to a business and the effective means for control. Some of the means for securing budgetary control are shown in charts and statements of the following: (1) fundamental operating relationships, (2) comparative results of operation for different sales volumes, (3) manufacturing expense budget, (4) indirect labor control, (5) sales and production coordination, (6) sales quota, (7) department quota, (8) comparison of operating ratios.
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