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BUDGETING — Commercial Studies STD 10 — Question

ICSE BoardEnglish MediumSTD 10Commercial StudiesBUDGETING2 Marks
Question
Distinguish between Production Budget and Material Budget.
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Answer

S.No.Basis of DistinctionProduction BudgetMaterial Budget
1.PurposeTo decide what is to be pro-duced, when, how much and where.Wide scope contains estimates of all production activities.
2.ContentsWide scope contains estimates of all production activities.Narrow scope contains esti-mates of only materials

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