LoxR Sda Bhd produced and sells three types of products namely BAX, DAX and FAX. The company is in the midst of preparing a budget for the January 2022. Opening stock Budgeted sales Selling Price (RM) BAX 63 290 120 DAX 35 120 208 FAX 230 51 All three products are made using Material A. Material B, Labour Grade C and Lakout Grade D. The quantities are as follows: Material A Material B Lahour C7 Labour D7 hour hour BAX 2 DAX FAX Cost (RM) Rm12 per meter RM7 per square feet RM4 per hour RM6 per hour Opening 142 meters 85 square feet stock Inventory policy: Closing inventory of finished goods - 30 per cent of the current sales demand. Closing inventory of materials - 45 per cent of the current materials usage. Required: Prepare the following budgets for each quarter for Loxe Sdo Bbd: a Sales budget. Production budget in units. Raw material purchases budget in kgs and value for Material A. TRaw material purchases budget in kgs and value for Material B. Direct labour budget for Labour Grade C in hours and RM. Direct labour budget for Lakour Grade D in hours and RM. b. C. e.

LoxR Sda Bhd produced and sells three types of products namely BAX, DAX and FAX. The company is in the midst of preparing a budget for the January 2022. Opening stock Budgeted sales Selling Price (RM) BAX 63 290 120 DAX 35 120 208 FAX 230 51 All three products are made using Material A. Material B, Labour Grade C and Lakout Grade D. The quantities are as follows: Material A Material B Lahour C7 Labour D7 hour hour BAX 2 DAX FAX Cost (RM) Rm12 per meter RM7 per square feet RM4 per hour RM6 per hour Opening 142 meters 85 square feet stock Inventory policy: Closing inventory of finished goods - 30 per cent of the current sales demand. Closing inventory of materials - 45 per cent of the current materials usage. Required: Prepare the following budgets for each quarter for Loxe Sdo Bbd: a Sales budget. Production budget in units. Raw material purchases budget in kgs and value for Material A. TRaw material purchases budget in kgs and value for Material B. Direct labour budget for Labour Grade C in hours and RM. Direct labour budget for Lakour Grade D in hours and RM. b. C. e.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4CMA: Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold...

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