--%>
Assignment Help - homework help

Explain production budget

Give a short introduction of the term ‘production budget’?

E

Expert

Verified

Production budget is a prediction of production for the budget period. It is made from two angles: In terms of money and in terms of quantity. Following budgets are made under the production budget are illustrated below:

-Material Budget to approximation of the material cost
-Direct Labor Cost Budget to estimation of the labor cost that is required to product the quantity as particular in the production budget.
-Overhead Budget to estimation of production overheads.

Production budget is made after taking different budgets into deliberation. For an appropriate estimation of different costs associated with the production procedure makes it vital to make production budget for the period in that production will take place.

   Related Questions in Financial Accounting

  • Q : Spiritual Health Spiritual Health : The

    Spiritual Health: The relations with their superiors and peers are good. They work for a cause for the society and therefore they are able to draw contentment. This at times work against health to create compassion stress when employees are not able t

    		•
  • Q : Ppe Question 3 The following

    Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had

    		•
  • Q : Definition of Ledger What is the

    What is the Definition of Ledger in terms of Accountancy?

    		•
  • Q : Meaning of drawing What is the meaning

    What is the meaning of drawing in financial accounting?

    		•
  • Q : Prepare journal entry to record

    On December 31, 20x1, the Juniper Company purchase a group of four assets for a total cost of $850,000. An independent appraiser assesses the fair value of each asset as follows: Asset Fair Value Land $100,000 Building 600,000 Equipment 250

    		•
  • Q : What is Bond market What is Bond market

    What is Bond market and how it execute?

    		•
  • Q : Balance Sheets & Income Statement

    Bio-Pure Food Company Gary Green has recently inherited some money and is interested in investing in a small company with some growth potential.  Last week he r

    		•
  • Q : Benefits for a company to cross-list

    Explain the benefits you can think of for a company to (a) cross-list its equity shares on more than one national exchange, and, (b) to source new equity capital from foreign investors as well as domestic investors.

    		•
  • Q : Firm cross-listed on foreign stock

    Explain why and how a firm’s capital cost can be reduced when stock of firm is cross-listed on foreign stock exchanges.

    		•
  • Q : Financial institutions & Economic growth

      It started with the US sub-prime mortgages on housing loans, which became worthless when home owners defaulted on their loans. The housing market promptly collapsed, wiping out Wall Street's revered investment banks and pull

    		•