Question

FNSACC503
What are the four individual budgets that make up the manufacturing budget?

Which budget do the above budgets depend on and for what reason?

Answer 1

The four individual budgets that make up the manufacturing budget are:
1. Production budgets,
2. Materials budget,
3. Labour budget,
4. Overhead budget.
The above listed budgets depend on capital budgets because it shows how many units you need to be produced each period, the forecast sales, the endinginventory and beginning inventory produced.