question 10.46 need to be done

SOLUTION
a) Standard Cost for Direct Material
Quantity Rate Amount
Timber 1.5 7.5 11.25
Rubber pads 4 0.05 0.2
Normal Loss = 1/10 of Total
Timber used 0.15
Standard Cost for Direct
Labor
Hours Rate Amount
Labor for Cutting Board 0.4 25 10
Labor for Rubber pads 0.5 25 12.5
b) Role of purchasing manager in developing the standard budget
The purchase manager plays a vital role in procurement of material, development
of vendor and negotiation with vendor. He plans, monitor, organizes and control
the purchasing activities. The manager is responsible for replacing and procuring
parts and equipments, and reviewing technical and quality requirements.
Role of production manager in developing the standard budget
The production...