What Is The Importance Of Production Cost Budget In Manufacturing Concern?

Please give a to the point answer and explain the main points.


Answer:
Production cost budgeting is basically the planning process for a firm's long time production costs. It is awfully important for a manufacturing firm because:
- It helps within allocation of resources
- It helps in analyzing the profitability of the production activities
- It help in analyzing the future cash flows from the production endeavours
- Return on investments
The ABC garments company"s sales forecast for the next quarter,ending:june 30,indicates the following:
Product          &nb
sp;           &
nbsp;         expected sale
shirts          &nbs
p;           &n
bsp;           
    21000units
trousers          &n
bsp;           
           &nbs
p;37500
inventories at the beginning and desired quantities at the end of the quarter are as follows
product          &nb
sp;           &
nbsp;        March 31         june 30
shirts          &nbs
p;           &n
bsp;           
 5,800units       6,200units
trousers          &n
bsp;           
        10,600  &nbs
p;           &n
bsp;10,500
REQUIRED; Production budget for the second quarter.

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