Direct Materials Budget Definition, Formula & Use Video & Lesson Transcript
A direct material purchases budget determines the quantity of material purchased within a production period. A budget helps you to focus on expenses and cash flow while accounting for revenue and income. Estimating the direct material used helps a company to calculate the point of reordering (reorder level). This means more raw material needs to […]
Direct Materials Budget Definition, Formula & Use Video & Lesson Transcript Read More »