(Drury) The Budgeting Process - A detailed illustration - Direct materials purchase budget
3 important questions on (Drury) The Budgeting Process - A detailed illustration - Direct materials purchase budget
Who is responsible for the direct materials purchase budget?
The purchasing manager, since it will be his responsibility for obtaining the planned quantities of raw materials to meet the production requirements.
What is the objective for the purchase budget?
To purchase materials at the right time at the planned purchase price.
What else needs to be noted when it comes to the purchase budget?
To take into account the planned raw material inventory levels.
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