We are the enjoying to the participating in this new season of the Steemit Learning Challenge and are the amazing to for the positivity to responsing to our activitys to on over the past of the weeks.
- The importances of the apropriating to in our cost to calculations. so lets start to into how on a budget to the helping gues to expensess & the sets the foundation for pricing on the product to or services efectivelly.
What is a budget and its relationship with cost calculation?
A budget is a economically to the plans that or the aproximatelly to the costs required to or the produce on a products to or servicess. It relating to the expecting on expensess for the material on labor to & the other methods necesary for completing to a project or creating on a products.
The relationships to the b/w to budgetings & the cost of calculations is the directs. A budget to the providing to the substructure on for cost calculations by the outlinning the expected to the expenses. This is the helps to the controlling to the minimum price at which to a products to or the service should be the providing to the cover costs & to the achieved on gainfullnes.
Explain the importance of the budget in determining costs?
The budget playing to a searchings on role in cost of the resolutions as it:
Helps in the Making
| A well on the make ready on the budgets to the allowed to the busineses to the deciding on whether a products to or the services is financialy on the possibles |
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Confirm Cost Controling
| It on the keep to the tracking of all the expensess to the avoided to the over spendings & the under of the pricess |
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Improving to Profitabillity
| The meaningful to the exacted of the costs on confirmed to that pricing on the strategys to the cover costs & the generated to the profits |
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Supported Financiall Plannings
| A budget of the helping to the busineses to the planning for the futures on the investmenting & the manages to the resourcess to efectivelys |
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Prepare a budget for cake production, considering a 4% adjustment?
This engagement we will the calculating to the budget for the making cakes on considered both on direct & the indirect costs and a 4% adjustments to for unexpecing to the expensess.
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| Cost Type | Quantity | Unit Price | Total |
|---|---|---|---|
| Flour | 10 kg | $500/kg | $5,0000 |
| Sugar | 5kg | $300/kg | $1500 |
| eggs | 20 pieces | $15 per egg | $300 |
| butter | 2 kg | $700 per kg | $1400 |
| cake box | 10 units | $20 per unit | $200 |
Total Direct Costs : $8,400
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| Item | Cost |
|---|---|
| Gas and Electricity | $1,500 |
| Oven Maintenance | $1,000 |
| Total Indirect Cost | $2,500 |
Adjusting Budget
Total Costs Direct + Indirect
4% adjustment
Final Budget
Prepare a budget for a hairdressing service, considering a 3% adjustment?
For this engagement we totally the budgets for the provided to the hair dresing on the favour of the included to the articles on the materials & the labor of the costs.
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| Item | Quantity Needed | Unit Price | Total Cost |
|---|---|---|---|
| Shampoo and Products | 5 bottles | $100 per bottle | $500 |
| Towels | 10 units | $50 per unit | $500 |
| Scissors and Tools | $1,000 | $1,000 |
Total Direct Costs $2,000
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| Item | Cost |
|---|---|
| Rent and Utilities | $1,500 |
| Chair Maintenance | $500 |
Total Indirect Costed : $2,000
Adjusted Budget
Total Costs Direct + Indirect
3% Adjustment
Final Budget: $4,000 + $120 = $4,120
i invite to call @ahsansharif , @simaroy @shahid76