--%>
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 : Book-value method of accounting for

    The stock is recorded at the book value of debt. The convertible debt is removed at the book value, the number of share times par is added to the stock account, and the remaining amount is plugged in to additional paid in capital. Contrast with the market value in whi

    		•
  • Q : Characteristics of Dual currency bonds

    State the characteristics of the Dual currency bonds market instrument.

    		•
  • Q : Matlab Applications in Image and Video

    Image and video processing is most difficult topic in electrical and electronics field. This topic becomes trickier if you are taking use of Matlab in this. Student faces a lot of problem in image and video processing theories. If you are messed up with same difficulties

    		•
  • Q : Drug maker-stymie generic competition

    Drug maker want to stymie generic competition. Elucidate this statement.

    		•
  • Q : The cost of the new PPE purchased The

    The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depr

    		•
  • Q : Types of international bond market

    List the important types of the international bond market instruments.

    		•
  • Q : French Association of Private Companies

    In the year 1995, working group of the French chief executive officers was formed by the Confederation of French Industry (CNPF) and the French Association of Private Companies (AFEP) for studying the structure of the French corporate governance. Group has reported th

    		•
  • Q : Reason for negative synergistic gains

    State the reason for negative synergistic gains for British acquisitions of the U.S. firms?

    		•
  • Q : Personal identities-Organization health

    Personal identities: Generally employees like to work as they interact with animals and success motivates them, they learn new things in their routine job and they are a member to team.  But some job requirements like conducting euthanasia impact

    		•
  • 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.

    		•