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David is trying to provide a visible means of support to develop an ethical culture in his company. He can do so by creating:
Budgeted Costs
Estimated expenses planned in advance for a specific period, often used as targets or benchmarks for actual performance.
Direct Materials Purchase Budget
A budget estimating the raw materials that need to be purchased to meet projected production demands.
Ending Inventories
The final quantity and value of materials, work-in-process, and finished goods that a company holds at the end of an accounting period.
Direct Labor Budget
A projection of the total costs associated with the direct labor needed for a specific period, based on projected levels of production or services.
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