--%>
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 : Define uniform costing Give a short

    Give a short introduction about the term uniform costing?

    		•
  • Q : Social issues & person statuses Think

    Think of person you will who often irritates you or whose behaviour greats on your nerves. First list that person statuses and role then analysed his or her possible role expectations, role performance, role conflict and role strai

    		•
  • Q : Exchange rate changes decreases risk of

    Would exchange rate changes always raise the risk of the foreign investment? Explain some of the condition under which exchange rate changes can actually decrease the risk of foreign investment.

    		•
  • 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 : International portfolio for buying

    Why it is easier for an investor willing to diversify his portfolio internationally for buying depository receipts instead of actual shares of the company?

    		•
  • Q : Euro-medium-term-note market State

    State difference between the Euro-medium-term-note market, the Euro note market, and the Euro commercial paper market?

    		•
  • Q : Foreign commerce trade State three

    State three basic documents which are essential in order to conduct the typical foreign commerce trade?  Discuss briefly the purpose of each.

    		•
  • Q : Super Profit Method in Goodwill Super

    Super Profit Method: (Goodwill method): When a firm earns huge profit in comparison to normal profit (usually earned by other firms of similar industry) then the difference is termed as Super Profit. Goodwill is computed on the basis

    		•
  • Q : Call Option-Out of the money Explain

    Explain the terminology that an option is in-, at-, or out-of-the-money?

    		•
  • Q : Responsibility Accounting Explain the

    Explain the term Responsibility Accounting and types of responsibility centres with example?

    		•