ocr: Associated Production Budgets Raw Materials Cost Budget The raw materials cost budget will measure the cost of materials required tos support the production targets. In a similar tashion to the production budget, the purchase cost of raw naterials required for the budget period can only be determined after having taken account of opening and closing levels of raw material stocks. When the level of purchases has been estimated, thei intormation is combined with forecasts of tuture raw material purchase prices in order to complete the raw materials purchase budget. The following diagram depicts ...
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