Maulana Sdn Bhd (MSB) manufactures and sells two types of products: Pastry roller and Pastrypuff .Each unit of product consumes two types of materials, butter and cheese. MSB ispreparing its annual budget for the year ending December 31, 2018. The Assistant Accountantprovides the following data:Pastrv rollerPastrypuffSales unit65,00055,000Unit selling priceRM30RM20MSB decided that the beginning and ending inventory for the year 2018 are as follow:ProductBeginning inventory(units)Endinginventory(units)Pastry roller8,0009,000Pastry puff5,0004,000+The following materials are needed for the production of pastry roller and pastry puff:Materials:Pastry rollerPastry puffBeginningEndinginventory (kg)inventory (kg)Butter10 kg8 kg272,000290,000Cheese4 kg3 kg60,00041 ,000Materials:PriceperkgButterRM2.00CheeseRM8.00Direct labour per unit and direct labour co ber unit is given below:Hours neededRateperhourPastry roller 2 hoursPastry puff 1.5 hoursRM20RM15Required:Prepare the following budgets for each product:a) Sales budgetb) Production budget.c) Direct materials purchase budgetd) Direct labour budget.

(A). Sales budget Pastry roller Pastry puff sales units 65,000 55,000 Unit selling…

Answered: Maulana Sdn Bhd (MSB) manufactures and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Maulana Sdn Bhd (MSB) manufactures and sells two types of products: Pastry roller and Pastry puff Each unit of product consumes two types of materials, butter and cheese. MSB is preparing its annual budget for the year ending December 31, 2018. The Assistant Accountant provides the following data: Pastry roller Pastry puff 55,000 Sales unit 65,000 Unit selling price RM30 RM20 MSB decided that the beginning and ending inventory for the year 2018 are as follow: Product Beginning inventory(units) Ending inventory(units) Pastry roller Pastry puff +The following materials are needed for the production of pastry roller and pastry puff: 8,000 9,000 5,000 4,000 Pastry roller Beginning inventory (kg) inventory (kg) | 272,000 Materials: Pastry puff Ending 10 kg 8 kg 290,000 Butter Cheese |4 kg 3 kg 60,000 | 41,000 Price per ka Materials: Butter RM2.00 Cheese RM8.00 Direct labour per unit and direct labour coBer unit is given below: Hours needed Rate hour per Pastry roller 2 hours Pastry puff 1.5…
Voila Sdn Bhd produces three (3) different face foundation powder namely as Pamela, Qamaara and Rosy. The three products utilize the same resources but in a different ratio. The followings are the information from the budgeting report for the month of December 2019: Pamela RM Qamaara RM 51 Rosy RM Selling price per unit Total cost per unit Labour hours per unit Machine hours per unit Production and sales units 34 52 45 30 1.5 30 2.5 2.5 1.5 4 9,000 9,000 8,000 Variable costs are 45% of the total costs for each unit. For the month of December 2019, there will be a limited availability of the labour hours and machine hours due to gradual maintenance works which was scheduled by the engineering department every year. Total fixed cost for December 2019 is RM430,650. The limited resources for the month of December are as follows: Machine hours Labour hours 70,000 hours 49,500 hours Determine which of the resources (machine hours or labour hours) is the limiting factor for Voila Sdn Bhd for…
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The Caribbean Industrial Producers manufactures two products, “Zinc” and” “Ply”. The following sales forecast for 2016 was decided on by the budget committee and presented to you the management accountant. Sales forecast Details Zinc/units Ply /units December 2015 6,000 3,700 January 2016 5,500 4,000 February 2016 6,200 4,500 March 2016 5,000 5,400 April 2016 4,900 5,200 May 2016 6,400 4,800 Notes: (i) During 2016 the company sold one unit of Zinc for $1,200 while one unit of Ply was sold for $$1,500. (ii) To make one unit of Zinc four units of raw material BZN980 are used, while two units of raw material CZN980 are used to produce one unit of Ply.. (iii) Raw materials stock in units at the end of each month is to be held at a level equal to twenty percent (20 %) of the forecasted sales for the previous month. (iv) It was…
The Caribbean Industrial Producers manufactures two products, “Zinc” and” “Ply”. The following sales forecast for 2016 was decided on by the budget committee and presented to you the management accountant. Sales forecast Details Zinc/units Ply /units December 2015 6,000 3,700 January 2016 5,500 4,000 February 2016 6,200 4,500 March 2016 5,000 5,400 April 2016 4,900 5,200 May 2016 6,400 4,800 Notes: (i) During 2016 the company sold one unit of Zinc for $1,200 while one unit of Ply was sold for $$1,500. (ii) To make one unit of Zinc four units of raw material BZN980 are used, while two units of raw material CZN980 are used to produce one unit of Ply.. (iii) Raw materials stock in units at the end of each month is to be held at a level equal to twenty percent (20 %) of the forecasted sales for the previous month. (iv) It was…
The Caribbean Industrial Producers manufactures two products, “Zinc” and” “Ply”. The following sales forecast for 2016 was decided on by the budget committee and presented to you the management accountant. Sales forecast Details Zinc/units Ply /units December 2015 6,000 3,700 January 2016 5,500 4,000 February 2016 6,200 4,500 March 2016 5,000 5,400 April 2016 4,900 5,200 May 2016 6,400 4,800 Notes: (i) During 2016 the company sold one unit of Zinc for $1,200 while one unit of Ply was sold for $$1,500. (ii) To make one unit of Zinc four units of raw material BZN980 are used, while two units of raw material CZN980 are used to produce one unit of Ply.. (iii) Raw materials stock in units at the end of each month is to be held at a level equal to twenty percent (20 %) of the forecasted sales for the previous month. (iv) It was…

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