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    bhovanec's Avatar
    bhovanec Posts: 2, Reputation: 1
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    #1

    Jul 24, 2007, 07:37 PM
    Production budget
    Does a production budget include the cash receipts budget?
    lavaughnd's Avatar
    lavaughnd Posts: 4, Reputation: 1
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    #2

    Feb 16, 2008, 03:24 PM
    No. Production budget determines how much money you intend to spend on a project.

    For example, if you are in charge of a project and estimates that the budget for this project will cost $50,000.00, but after purchasing the raw materials and labour, the actual amount spent was $35,000.00, therefore the variance would be $15,000.00.

    I hope this answers your question.

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