Task Team of FUNdAMENTAL aCCOUNTING School of Business, Sun Yat-sen University Prepare Prepare manufacturing sales production budgets Prepare Prepare Prepare financial selling and budgets expenditure administrative Sales Budget Sales budget is the starting point in the budgeting process. Most of the other gets are linked to the sales budget. Sales personnel are often involved in developing the sales Sales Budget Estimated Estimated Unit Price Unit Sales Analysis of economic and market conditions Forecasts of customer needs from marketing personnel Merchandise Purchases Budget Merchandise purchases budget provides detailed information about the purchases necessary to fulfill the sales budget and provide adequate Inventories Budgeted inventory to sales for the beginning be purchased nventory period inventory The quantity purchased is affected by: (1) Just-in-time inventory systems, which enable purchases of smaller, frequently delivered quantities; (2)Safety stock inventory systems, which provide protection against lost sales caused by delays in supplier shipments Selling Expense Budget Selling expense budget lists the types and amounts of sellingTask Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Sales Budget Sales budget is the starting point in the budgeting process. Most of the other budgets are linked to the sales budget. Sales personnel are often involved in developing the sales budgets. Merchandise Purchases Budget Merchandise purchases budget provides detailed information about the purchases necessary to fulfill the sales budget and provide adequate inventories. The quantity purchased is affected by: (1) Just-in-time inventory systems, which enable purchases of smaller, frequently delivered quantities; (2) Safety stock inventory systems, which provide protection against lost sales caused by delays in supplier shipments. Selling Expense Budget Selling expense budget lists the types and amounts of selling Prepare sales budget Develop production budget Prepare financial budgets Prepare capital expenditure budget Prepare selling and general administrative budgets Prepare manufacturing budgets Sales Budget Estimated Unit Sales Estimated Unit Price Analysis of economic and market conditions + Forecasts of customer needs from marketing personnel Merchandise inventory to be purchased Budgeted ending inventory Budgeted sales for the period Budgeted beginning inventory = + _