Based from the given data, answer the following questions. Show your computations. G Toy Shop manufactures children's plush toys and incurred the following during the process: (The following are within one month of production with 980 total manufactured plush toys). P 150,000 for materials such as cloth, pile textiles and stuffing materials P 10,000 for threads and accessories P 12,000 building rental P 45,000 salaries of 5 factory workers P 10,000 security guard salary
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Based from the given data, answer the following questions. Show your computations.
G Toy Shop manufactures children's plush toys and incurred the following during the process: (The following are within one month of production with 980 total manufactured plush toys).
P 150,000 for materials such as cloth, pile textiles and stuffing materials
P 10,000 for threads and accessories
P 12,000 building rental
P 45,000 salaries of 5 factory workers
P 10,000 security guard salary
P 5,500 depreciation of machines and equipment
7) What is the amount of Indirect Labor?
a. P10,000
b. P0.00
c. P55,000
d. P45,000
8) What is the selling price if the mark up is 75%?
a. P415.00
b. P429.00
c. P420.00
d. P592.00
9) What is the percentage of mark-up used if the selling price is P499.00?
a. 111%
b. 69%
c. 53%
d. 104%
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