Question

Please create a formal budget:

The figures used can be made- up figures

Present a formal budget outlining the expenses of the proposed research project. Examples of expense items include: Time to conduct research (both the primary and secondary researcher) Travel (air and per diem) Transportation (local) Editing & Proofreading, Printing

Answer 1

It is estimated the following for research how to increase sales is solar panels and costs as follows:

Primary research takes120 days and 2 experts conduct it who charges $550 per day.They travel across the country in a private plane whose mileage is 5 miles per litre of fuel and fuel costs $40 per liter.they have to travel 1600 miles across the country.Their transportation costs $50 per day.Their food and stay expenses cost $200 per day.

The secondary research takes place for 45 days and it is subcontracted to rox university which takes $600 per day and includes all expenditure.the proof reading and editing costs $800 and printing and stationery costs $950 and other petty expenses like phone charges etc cost $450

Formal budget

Particulars	$	$
Expect charges ($550×2×120)	132000
Travel($40/5miles×1600miles)	12800
Transportation($50×120days)	6000
Food and stay($200×120)	24000
Cost for primary research		174800
Cost for secondary research($600×45days)		27000
Editing and proof reading		800
Printing and stationery		950
Other petty cash expenditure		450
Total		204000