Topic 3 based on the given production budget by the company, analyze the use of different planning tools and their application for preparing and forecasting such budget for next month Original budget 1 12 Actual figures 30 12 Output 1,000 units 900 units Sales revenue 100,000 90,000 Raw material 40000 (4000 meters) 37000 (3700meters) Labour 20000 (5000 hours) 17575 (4750 hours) Fixed overhead 20,000 20,000 Operating profit 20,000 15,425

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Question: Topic 3 : based on the given production budget by the company, analyze the use of different planning tools and their application for preparing and

Topic 3: based on the given production budget by the company, analyze the use of different planning tools and their application for preparing and forecasting such budget for next month

	Original budget 1/12	Actual figures 30/12
Output	1,000 units	900 units

Sales revenue	100,000	90,000
Raw material	40000 (4000 meters)	37000 (3700meters)
Labour	20000 (5000 hours)	17575 (4750 hours)
Fixed overhead	20,000	20,000
Operating profit	20,000	15,425

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