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:Pastry rollerPastrypuff55,000Sales unit65,000Unit selling priceRM30RM20MSB decided that the beginning and ending inventory for the year 2018 are as follow:ProductBeginning inventory(units)Endinginventory(units)Pastry rollerPastry puff+The following materials are needed for the production of pastry roller and pastry puff:8,0009,0005,0004,000Pastry rollerBeginninginventory (kg) inventory (kg)| 272,000Materials:Pastry puffEnding10 kg8 kg290,000ButterCheese|4 kg3 kg60,000| 41,000Price perkaMaterials:ButterRM2.00CheeseRM8.00Direct labour per unit and direct labour coBer unit is given below:Hours neededRatehourperPastry roller 2 hoursPastry puff 1.5 hoursRM20RM15Required:Prepare the following budgets for each product:a) Sales budgetb) Production budget.

a) Sales Budget Pastry roller Pastry puff sales units 65,000 55,000 Unit sellingprice…

Answered: Maulana Sdn Bhd (MSB) manufactures and…

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter22: Budgeting

Section: Chapter Questions

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

See similar textbooks

Similar questions

Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 258 70 Desired inventory (units), June 30 296 61 Expected sales volume (units): North Region 3,250 3,650 South Region 5,200 4,500 Unit sales price $95 $185 a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Unit Unit Total Sales Selling Sales Volume Price Product and Area Model Rumble: North Region South Region Total Model Thunder: North Region South Region Total Total revenue from sales b. Prepare a production budget. Vibrant Inc. Production Budget For the Month Ending June 30 Units Units Model Model Rumble Thunder Expected units to be sold Total units required Total units to be produced
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…
Cloud Shoes manufactures recovery sandals and is planning on producing 12.000 units in March and 11,500 in April. Each sandal requires 1.2 yards if material, which costs $3.00 per yard. The companys policy is to have enough material on hand to equal 15% of next months production needs and to maintain a finished goods inventory equal to 20% of the next months production needs. What is the budgeted cost of purchases for March?
Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold through specialty golf shops. The company is in the process of developing itsoperating budget for the coming year. Selected data regarding the companys two products areas follows: Manufacturing overhead is applied to units using direct labor hours. Variable manufacturing overhead Ls projected to be 25,000, and fixed manufacturing overhead is expected to be15,000. The estimated cost to produce one unit of the laminated putter head is: a. 42. b. 46. c. 52. d. 62.
Lens & Shades sells sunglasses for $37 each and is estimating sales of 21,000 units in January and 19,000 in February. Each lens consist of 2.00 mm of plastic costing $2.50 per mm, 1.7 oz of dye costing $2.80 per ounce. and 0.50 hours direct labor at a labor rate of $18 per unit. Desired inventory levels are: Prepare a sales budget, production budget, direct materials budget for silicon and solution, and a direct labor budget.
Sonic Inc. manufacturers two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder estimated inventory (units), June 1 280 76 Desired inventory (units), June 30 322 66 Expected sales volume (units): Midwest Region 3,500 3,900 South Region 5,700 4,950 Unit sales price $125 $210 Refer to the pictures for the sales budget and production budget template.
Sky has set up a jam-making business and is calculating the raw material requirements for the year ahead. Her sales estimates and raw materials usage assumptions are as follows: TABLE 1: Jam sales budget in units (jars) Gooseberry 245,000 Rhubarb Sales units (jars) Opening inventory (jars) 60,000 5,500 30,000 TABLE 2: Jam raw material usage assumptions Gooseberry 0.7kg 0.6kg Rhubarb Fruit per jar Sugar per jar 1.1kg 1.0kg Calculate: (i) The production budget (in quantities) using the opening inventory assumptions in Table 1 above and assuming that closing inventory should be 10% of sales units. (ii) The materials budget (in quantities), identifying how much of each type of raw material is required. (iii) The total raw material purchase budget (in value £ and to the nearest whole £) if gooseberries cost £1.60 per kg; and rhubarb cost £2.25 per kg. Sugar costs £0.21 per kg, jars cost £0.15 each, lids cost £0.02 each and labels (one per jar) cost £0.01 each. (iv) The total cost per jar…
Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): Midwest Region South Region Unit sales price a. Prepare a sales budget. Product and Area Model: Rumble Midwest Region South Region Total Model: Thunder Midwest Region South Region Total Total revenue from sales 1000 1000 Rumble LA 250 Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume 287 2,400 5,800 $110 00 3 Thunder 75 65 Unit Selling Price Total Sales 2,100 6,550 $215 10000 1000
В. Nano Sdn Bhd (NSB) manufactures two (2) products called SA1 and RA2. Below are the budgeted sales for the month of January, 2021. SAI 3,200 50 RA2 2,400 Budgeted sales (unit) Price per unit (RM) Opening inventory (unit) Desired closing inventory (unit) 75 1,200 1,320 1,800 1,980 There are two (2) types of material used in the production which are MATA and MAT B. The following is the information related to material for the month of January, 2021: MAT B 1,950 MAT A Opening inventory (unit) Desired closing inventory (unit) Price per kg (RM) Material used per unit: 2,000 10% of the production requirements for the month 4.00 5.00 5 kg 3 kg 3 kg 2 kg SAI RA2 REQUIRED: Prepare the following budgets for the month of January 2021: (a) Production budget (b) Material required for production in quantities (c) Material purchase budget
Skulas, Inc., manufactures and sells Skulas manufactures a single model, the Pipex. In late 2017, Skulas's management accountant gathered the following data to prepare budgets for January 2018: Data Table Materials and Labor Requirements Direct materials Wood 9 board feet (b.f.) per snowboard Fiberglass 7 yards per snowboard Direct manufacturing labor 8 hours per snowboard Skulas's CEO expects to sell 1 comma 300 snowboards during January 2018 at an estimated retail price of $ 650 per board.Further, the CEO expects 2018 beginning inventory of 600 snowboards and would like to end January 2018 with 600 snowboards in stock. Direct Materials Inventories Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 Wood 2,020 b.f. 1,520 b.f. Fiberglass 1,020 yards 2,020 yards Variable manufacturing overhead is $ 8 per direct manufacturinglabor-hour. There are also $ 20 comma 800 in fixed manufacturing…
Butsoy Corporation manufactures two products – Ayko and Ayza. The budget committee gathered the following data for the budget year 200. Product Аyko Аyza Projected Sales and Inventory Requirements: Units 6,000 3,000 Selling Price P 90 100 Expected Inventory, 12/31/20B 750 400 Desired Inventory. 12/31/20C 1,100 500 Production Requirements: Cost P2 per kg. P4 per unit P3 per piece P 3 per hour P5 per direct labor hour Аyko 3 kgs 4 units Ayza Material: Beng 1 Beng 2 Beng 3 3 units 3 pcs 4 hours Direct labor 5 hours Factory overhead Materials Inventory Levels Beng 1 Beng 2 Beng 3 Expected Inventory, 12/31/20B 450 kgs. 1,200 units 1,750 pieces Desired Inventory, 12/31/20C 780 kgs. 900 units 1,400 pieces Required: Prepare the following budgets: 1. Sales budget 2. Production budget (in units) 3. Materials purchased budget in quantities and in pesos 4. Direct labor budget 5. Cost of goods sold budget (Assume a FIFO inventory system; unit costs of beginning inventory are P 40 for Ayko and P 65…
Covax Ltd manufactures one product known as Covaccine. The following information relate to the preparation of the budget for the year ended 31 December 2020: Sales budget for the product Covaccine Expected selling price per unit R150 Expected sales in units 15 000 All sales are on credit. Covaccine requires 6 units of material A. Raw material A cost price is R5 per unit. Direct labour hours per unit is 1 hour at the cost of R8 per hour. Additional information: At 01 January 2020, stocks were as follows: Product Covaccine 800 units Raw material A 4 500 units At 31 December 2020, stocks were as follows: Product Covaccine 880 units Raw material A 4 950 units Prepare the following: 1.Sales budget 2.Production budget 3.Raw material budget 4.Direct labour budget

SEE MORE QUESTIONS

Recommended textbooks for you

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

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

Publisher:

South-Western College Pub

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

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

Publisher:

South-Western College Pub

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS