1
Q
What are the four different standards?
A
Ideal-impossible and demotivating
Attainable-realistic and motivating
Basic-out of date and demotivating
Current-no real incentive to improve
2
Q
Proforma layout for functional budgets…
A
Sales budget-volume and price
Production budget-volume,closing inv,opening inv,defective units
=total units of production required
Material usage budget-production of A/B,wasted material
=total material usage
Material purchase budget-total material usage,opening inv,closing inv,price
Labour utilisation budget-production of A/B,labour hours for production,idle time,rate per hr
3
Q
Promorma layout for cash budgets…
A
Cash receipts (money in)
Cash payments (money out)
In-out
Opening cash
Closing cash
