Seminar 4. 4.Budget of the total costs of production 1. How to calculate direct material budget 2. Can Volume of the necessary raw materials purchase in the period, kg be >0, =0, <0. 3. Ways to reduce material costs 4. Direct labor budget, factors, affecting labor costs 5. Type of wages 6. Single social contribution, social standards, 7. Ways to reduce labor costs Task 8 Calculate Production budget, Budget of the direct costs for materials, Budget of the direct labour costs, if : - Price – 20 hrn. - Revenue by quarters 5000, 4000, 6000, 2000. - Revenue of next year: I quarter 5500, II – 4500 - Finished products inventories at the end of the period – 15% - Finished products at the beginning of the first quarter – 280 units. - Unit of the Finished product needs: 1. material 1 – 20 kg., price 5 hrn./ kg. 2. material 2 – 3 kg., ціна 3 hrn./ kg. - Raw materials at the beginning of the first quarter: material 1 – 0 kg., material 2 – 100 kg. - Raw materials inventories at the end of the period - 10% - Direct labour costs per unit of finished goods – 8 hours. - The cost per hour of direct labor costs – 10 hrn. + 37% single social contribution.