Budget Forumlas

Question 1

Sales ($) =

Answer 1

Sales (units) x Selling Price ($ per unit)

Question 2

Production (units)

Answer 2

Sales (units) + Closing Inventory (units) - Opening Inventory (units)

Question 3

Materials Usage (kg or l)

Answer 3

Production (units) x Quantity (kg or l - required to produce 1 unit)

Question 4

Materials Purchase (kg or l)

Answer 4

Materials usage (kg) + Closing Raw Materials (kg) - Opening Raw Materials (kg)

Question 5

Materials Purchase ($)

Answer 5

Materials Purchase (kg or l) x Cost per kg or litre