Ep 4

Budgeting:

	Production Budget
Particulars	April	May	June	Total	July
Sales in units	40000	60000	80000	180000	60000
Closing stock	60000	80000	60000	200000
Total	100000	140000	140000	380000
Opening Stock	-40000	-60000	-80000	-180000
Total	60000	80000	60000	200000
	Consumption Budget
Particulars	April	May	June	Total	July
Sales in units	60000	80000	60000	200000	60000
Consumption Rate per unit	2	2	2	2
Materials Consumed	120000	160000	120000	400000
	Purchase Budget
Materials Consumed	120000	160000	120000	400000
Closing stock	60000	60000	60000	180000
Total	180000	220000	180000	580000
Opening Stock	-60000	-60000	-60000	-180000
Total	120000	160000	120000	400000
Per Unit Price	2	2	2	2
Purchase Value	240000	320000	240000	800000

Reference

Paudel et. al, 'Cost and Management Accounting', Ashmita Publication