👉Part 3: Direct Material Budget in Excel | Material Usage & Purchase Budget (Case Study)

In this episode of the Budgeting in Excel series, we prepare a Direct Material Budget in Excel using a manufacturing case study. To work along, download the practice file here 👇 https://accountingonexcel.ng/wp-conte... Here are links to previous lessons in this series: ✔ Sales Budget:    • 👉Part 1: Sales Budget in Excel (Step-by-St...   ✔ Production Budget:    • 👉Part 2: Production Budget in Excel (Step-...   Building on the Sales and Production Budgets from earlier lessons, this tutorial explains step-by-step how to: ✅ Calculate material usage based on production volumes ✅ Convert usage into material purchase quantities ✅ Value material purchases correctly using unit cost ✅ Account for opening and closing material inventory ✅ Structure the budget in Excel so assumptions can be changed and all calculations update automatically The illustration uses a luggage manufacturing company that produces Big, Medium, and Small bags, each requiring different quantities of raw materials. The focus is not just on numbers, but on logic and structure - how material budgets are derived in practice. This tutorial is suitable for: ✅ Accountants and finance professionals ✅ Manufacturing and operations teams ✅ NGO and donor-funded project finance staff ✅ Students learning budgeting and management accounting ✅ Excel users who want practical, reusable models If material usage or purchase calculations have ever felt confusing, this lesson clarifies the process using a clear Excel model, not manual calculations. 🎥 Direct Material Budget in Excel – Part 3 of the Budgeting in Excel Series. Watch carefully, then re-watch before the next lesson on Direct Labour and Overhead Budgets. #DirectMaterialBudget #accountingonexcel #BudgetingInExcel #excelforaccountants #managementaccounting #manufacturingaccounting #financeprofessionals #PracticalAccounting #DexcelCoach