Question
Budget manual
A budget manual is a formal document that outlines the policies, procedures, and guidelines for preparing, reviewing, and using a company's budget. It provides detailed instructions on how to create, implement, and control the budget, as well as the roles and responsibilities of the people involved in the budgeting process.
The purpose of a budget manual is to establish a consistent and standardized process for creating budgets,  ____ _____ ____ _________ __________ ___________ __ ____ ____________.
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What are various ways to improve the margin of safety and P/V ratio?
Marginal cost and fixed cost
Cost control
Performance reporting
You are given the following data. Compute Sales Variance based on Turnover.
| Product | A | B | C | Total | ||
| Budget | Units | 3,000 | 2,000 | 1,000 | ||
| Price (Rs.) | 30 | 20 | 10 | |||
| Total (Rs.) | 90,000 | 40,000 | 10,000 | 1,40,000 | ||
| Actual | Units | 3,500 | 2.400 | 500 | ||
| Price (Rs.) | 35 | 25 | 5 | |||
| Total (Rs.) | 1,22,500 | 60,000 | 2,500 | 1,85,000 | ||
Cost plus pricing and mark-up pricing
Direct material price variance and direct material usage variance
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