ABC company produces and selling a single product. The following information relates to their budgeted operations for the 2023 financial year. Sales Cost per unit produced Assembly Department (N$8 per kilo) Finishing Department (N$10 per kilo) Period Quarter 1 Quarter 2 Quarter 3 REQUIRED: Units FACULTY OF COMMERCE, MANAGEMENT AND LAW A closing inventory of 15% of the next period's sales is required. The forecast sales for Quarter 4 are 36 000 units. From the company's history it was observed that the sales units for Quarter 4 of any year are the same. The standard material cost of one unit of finished product is: 42 000 48 000 33 000 5.1 Prepare the Direct Material Budget, in hours, for both Departments for each of the Quarter 1 9.1 lat NS 24 20

ABC company produces and selling a single product. The following information relates to their budgeted operations for the 2023 financial year. Sales Cost per unit produced Assembly Department (N$8 per kilo) Finishing Department (N$10 per kilo) Period Quarter 1 Quarter 2 Quarter 3 REQUIRED: Units FACULTY OF COMMERCE, MANAGEMENT AND LAW A closing inventory of 15% of the next period's sales is required. The forecast sales for Quarter 4 are 36 000 units. From the company's history it was observed that the sales units for Quarter 4 of any year are the same. The standard material cost of one unit of finished product is: 42 000 48 000 33 000 5.1 Prepare the Direct Material Budget, in hours, for both Departments for each of the Quarter 1 9.1 lat NS 24 20

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...

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The following sales information was extracted from the books of APEX Ltd during 2020. The company produces two products, Natural life and physical life. Sales forecast January- April 2020 Details January February March April Total Natural life 1,800 2,200 3,200 2,500 9,700 Physical life 2,200 1,700 1,500 2,700 8,100 Notes: The ending stock of finished goods each month is to be held equal to 20% of the forecasted sales for the next month. Raw material stocks at the end of each month are to be held at a level equal to twenty-five (25%) percent of the sales for that month. Sales for December 31, 2019 were Natural life 3,000 units; and Physical life 2,600 units. To make one unit of Natural life, five (5) units of raw material X12 are used, while four (4) units of raw material Z100 are used to make one unit of Physical life During 2020 the company sold one unit of Natural life for $650 and one unit of Physical life for $775. Budgeted sales for…
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The following sales information was extracted from the books of APEX Ltd during 2020. The company produces two products, Natural life and physical life. Sales forecast January- April 2020 Details January February March April Total Natural life 1,800 2,200 3,200 2,500 9,700 Physical life 2,200 1,700 1,500 2,700 8,100 Notes: The ending stock of finished goods each month is to be held equal to 20% of the forecasted sales for the next month. Raw material stocks at the end of each month are to be held at a level equal to twenty-five (25%) percent of the sales for that month. Sales for December 31, 2019 were Natural life 3,000 units; and Physical life 2,600 units. To make one unit of Natural life, five (5) units of raw material X12 are used, while four (4) units of raw material Z100 are used to make one unit of Physical life During 2020 the company sold one unit of Natural life for $650 and one unit of Physical life for $775. Budgeted sales for…
hollow company manufactures and sells one product only. following financial information have been obtained for next four quarters of the year 2016: quarter-1 quarter-2 quarter-3 quarter-4 sales in units 300 400 400 600 further information price will remain for the first and second quarter rs. 200 and third and fourth quarter rs. 190 for each product respectively. sales at 70% realized in the quarter of sales. balance 30% realized in the next quarter. required: a sales budget, including a schedule of expected cash receipts for the year 2016
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