From the above statement, i would like to understand the following

1. Direct & indirect cost.
2. Further to Q. 1 above, recommend a method that can be adopted for allocation/apportionment of indirect expenses to different verticals. In case any assumptions are made, please state them clearly.
3. How to frame a budget for a company, using the previous years financial statement as a guideline and making adjustments for the following.
4. Additional new product lines/ new projects/ planned expansion/ changes in sales for the year;
5. Inflationary trends
6. Clearly explain the rationale used to prepare the budget.
7. How to do a variance analysis (stating clearly adverse or favourable variance) from the budget prepared above in (3) above and actual revenues & expenses from the latest financial years information available. Specify the possible reasons for the variance.

Statement of Profit \& Loss 20. COST OF RAW MATERIAL AND COMPONENTS CONSUMED 21. PURCHASE OF TRADED GOODS 22.CHANGE IN INVENTORIES OF FINISHED GOODS, TRADED GOODS AND WORK- IN-PROGRESS 24. FINANCE COSTS " Includes Interest on delayed payment of statutory dues 2.32 milio Medlum Enterprises Act, 2006 of 3.41 million (March 31, 2021 3. 25. DEPRECIATION AND AMORTISATION 26. OTHER EXPENSES