# Cost of Materials Budget

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Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
I am trying to do a question and it asks you to calculate the Materials Purchase Budget and then also the Cost of Materials Budget. I have calculated the Materials Purchase Budget do I just multiply it by the cost per kg to get the Cost of Materials Budget or do I have to do more than that?

• Registered Posts: 2,453 Beyond epic contributor 🧙‍♂️
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If I remember correct that's about it. But I am not 100% sure on it and am at work at the moment, so I can't look it up to check either.
• Registered Posts: 2,492 Beyond epic contributor 🧙‍♂️
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I hate this subject so could be completly wrong, but do you need to watch for stock? As you wouldn't need to buy that.
• Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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Do you think there is anybody who liked this subject? Aaaagh it just gets worse :mad:
• Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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Look out for opening and closing stocks and if any wastage incurred, also say for instance you are given kgs and grammes i.e

cost of materials is £2 per kilo and you use50 grammes of material per unit you have to convert

so you 50/1000 = 0.05 x 2 = 10 pence per unit then times it by the amount of units

so say production is 5000 units the materials used is 0.05 x 5000 = 250 kgs and the cost would be 0.10 x 5000 = £500

(double check 250kgs used x £2 per kg = £500)

Sorry woffled a bit there
• Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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jewels.p wrote: »
Do you think there is anybody who liked this subject? Aaaagh it just gets worse :mad:

i loved budgets just everything else that hurts my head lol
• Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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A-Vic wrote: »
Look out for opening and closing stocks and if any wastage incurred, also say for instance you are given kgs and grammes i.e

cost of materials is £2 per kilo and you use50 grammes of material per unit you have to convert

so you 50/1000 = 0.05 x 2 = 10 pence per unit then times it by the amount of units

so say production is 5000 units the materials used is 0.05 x 5000 = 250 kgs and the cost would be 0.10 x 5000 = £500

(double check 250kgs used x £2 per kg = £500)

Sorry woffled a bit there

Bloomin heck Vic now you have made it even worse! The price is in kg and I used kgs that's enough for now. Don't confuse me even further by having to convert gm to kg! lol

You're more advanced on this than me remember! lol
• Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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its just there is 1000 grammes to a kilo.

But i will now go hide in a dark corner somewhere
• Registered Posts: 4,071 Beyond epic contributor 🧙‍♂️
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jewels.p wrote: »
Do you think there is anybody who liked this subject?

No.

Good luck!
• Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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A-Vic wrote: »
its just there is 1000 grammes to a kilo.

But i will now go hide in a dark corner somewhere

That is one thing I do know that there is 1000g in a kg I aint being funny but is there really people that dont know that?

If I get that wrong in an exam it will only be because I never read the question properly not because I didnt know that. Was there a big issue on here about that before something rings a bell?
• Registered Posts: 210 Dedicated contributor 🦉
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Yep there was a big discussion on it as it was in an exam and people were complaining they didn't know there were 1000g in a kg.

Think the discussion was mentioned again in Chat a few months ago and someone posted a link to the original thread.
• Registered Posts: 2,453 Beyond epic contributor 🧙‍♂️
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A-Vic wrote: »
Look out for opening and closing stocks and if any wastage incurred, also say for instance you are given kgs and grammes i.e

But if you are talking about the materials purchasing budget, you already calculated all the stock and wastage calculations in your materials usage budget?

Hence I thought it was just a simple yes.
• Registered Posts: 2,492 Beyond epic contributor 🧙‍♂️
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jewels.p wrote: »
Do you think there is anybody who liked this subject? Aaaagh it just gets worse :mad:

Yeah, try F5 lol!!
• Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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jewels.p wrote: »
That is one thing I do know that there is 1000g in a kg I aint being funny but is there really people that dont know that?

If I get that wrong in an exam it will only be because I never read the question properly not because I didnt know that. Was there a big issue on here about that before something rings a bell?

i wasnt been smart about that i just struggle explaning what i mean so i broke it down, if it was taken the wrong way i apologise
• Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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I didnt think you were being smart you silly sausage I thought it was quite funny actually! :laugh:
• Registered Posts: 2,492 Beyond epic contributor 🧙‍♂️
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Fook me, 1000gs in a KG?

• Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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AK002 wrote: »
Fook me, 1000gs in a KG?

shut it you lol
• Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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Hey nobody else has answered my ORIGINAL query on this thread yet!

Why oh why does these threads never stay on topic............................ah I remember Vic's here!

This thread is now restarting as F.A.O SANDY!
• Registered Posts: 2,453 Beyond epic contributor 🧙‍♂️
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jewels.p wrote: »
Hey nobody else has answered my ORIGINAL query on this thread yet!

Why oh why does these threads never stay on topic............................ah I remember Vic's here!

This thread is now restarting as F.A.O SANDY!
O dear, would that help?

I thought A-Vic did answer the original question though.
• Registered Posts: 481 Dedicated contributor 🦉
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i love this unit! NOT!!!
anyone one the past exams yet?
i still haven't finished my workbook! ;-(
• Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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jewels.p wrote: »
Hey nobody else has answered my ORIGINAL query on this thread yet!

Why oh why does these threads never stay on topic............................ah I remember Vic's here!

This thread is now restarting as F.A.O SANDY!

yes
• Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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Rinske wrote: »
O dear, would that help?

I thought A-Vic did answer the original question though.

Vic gave me the EXTREME answer (and I am grateful to you Vic dont think I amnt!

I didnt think I had to do all those workings out as I had already done the Production Budget workings so am still not sure??
• Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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meibaker wrote: »
i love this unit! NOT!!!
anyone one the past exams yet?
i still haven't finished my workbook! ;-(

I thought you were on the past papers. I amnt even gonna bother trying them yet as I know I wouldn't get past the first question!
• Registered Posts: 481 Dedicated contributor 🦉
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jewels.p wrote: »
I thought you were on the past papers. I amnt even gonna bother trying them yet as I know I wouldn't get past the first question!

i finished my dfs workbook, but didn't attempt on the practice exams as i have not have the answers for it, i am on charpter 10 of my MAC workbook, need to finish asap, but i find it very hard to continue.....