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 forecasting

Topic 3: based on the given production budget by the company,

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 1,000 units Actual figures 30/12 900 units Output 90,000 Sales revenue ||100,000 Raw material 40000 (4000 meters) Labour 20000 (5000 hours) 37000 (3700meters) 17575 (4750 hours) 20.000 20,000 Fixed overhead Operating 20.000 15.425 profit Preparing flexible budget, calculate the variances between (1. Original budget and actual figures) (2. Actual and flexible) Variances: Value , F/U, Explanation is an extra

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