Budgeting and Deviation Analysis of General Manufacturing Costs

Posted by admin on Jan 8, 2025 in Modern Languages and Management | 0 comments

Forms to Budget the General Manufacturing Costs (GMC)

There are three ways to budget the GMC:

1. Unit Budget: This involves establishing a budget for manufacturing overhead recorded for each product or for each type of product. This way, you get the budget of GMC for the manufacturing order simply because of its composition.
2. Individual Budget: This consists of performing a budget of GMC for each particular production order.
3. Joint or Global Budget: In this case, there is a budget of GMC for the entire