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BUDGETING — Commercial Studies STD 10 — Question

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

(i) Production budget contains an estimate of the total volume of output whereas sales budget contains an estimate of the total sales volume.
(ii) Production budget consists of materials budget, direct labour budget and factory overheads budget. On the other hand, sales budget consists of advertising budget, selling expenses budget and selling and distribution overheads budget.

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