Direct materials budget, Cost Accounting

Direct Materials Budget

This budget implies the estimated quantities and costs of every the raw materials and components desired for the output demand by the production budget.  This consists of as:

i. Direct Materials Usage Budget: This implies the estimated quantities of materials desired for budgeted production.

ii. Direct Materials Purchases Budget: that ensures about materials are in the planned materials stock levels that is after considering both usage material stock desired.

Posted Date: 2/7/2013 4:17:57 AM | Location : United States







Related Discussions:- Direct materials budget, Assignment Help, Ask Question on Direct materials budget, Get Answer, Expert's Help, Direct materials budget Discussions

Write discussion on Direct materials budget
Your posts are moderated
Related Questions
1. The table below gives data for Southland where there are three consumption goods: bananas, coconuts and grapes. Goods Quantity in base period basket

Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculation

Considerations in Variance Investigation As already notice above, not all variances are investigated; this is only the material and meaningful as for cost control reasons vari

A small company employing around 25 people manufactures and sells anthropometric measuring equipment - equipment used mainly in hospitals to measure the height and other dimensions

Material Usage Variance (MUV): This is the variation between the actual quantity of material consumed and standard quantity which should have been consumed, expressed in terms

1. Pardee Company plans to sell 12,000 units during the month of August. If the company has 2,500 units on hand at the start of the month, and plans to have 2,000 units on hand at

Uniform Costing It is a general system utilizing agreed concepts, standard and principles accounting practices adopted via different entities in the similar industry to ensure

Vince's Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are $48,000. The sales price averages $9, and it costs t

Calculate the rate of learning at which the initial production phase profit target would be achieved, assuming no other cost savings can be made.   Assuming no other cost savi

In most situations this will be essential to grant credit to customers. It may be essential either due to competition or because of the custom of trade. Though, when we grant credi