FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Prepare a Production Budget for each month and Production Cost budget for the six months
period ending 31st Dec. 2003 from the following data of product "X":
(1) The units to be sold for different months are as follows:
July, 2003
1,100
August
September
October
1,100
1,700
1,900
November
2,500
December 2003
2,300
2,000
January 2004
(2) There will be no work in progress at the end of any month.
(3) Finished units equal to half the sales for the next month will be in stock at the end of each
month (including June 2003).
(4) Budgeted production and production cost for the year ending 31" December 2003 are as
follows:
Production (Units)
22,000
Direct Material Per unit
OMR.IO.0O
Direct wages Per unit
Total factory overhead apportioned to product
OMR. 4.0O
88,000
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Transcribed Image Text:Prepare a Production Budget for each month and Production Cost budget for the six months period ending 31st Dec. 2003 from the following data of product "X": (1) The units to be sold for different months are as follows: July, 2003 1,100 August September October 1,100 1,700 1,900 November 2,500 December 2003 2,300 2,000 January 2004 (2) There will be no work in progress at the end of any month. (3) Finished units equal to half the sales for the next month will be in stock at the end of each month (including June 2003). (4) Budgeted production and production cost for the year ending 31" December 2003 are as follows: Production (Units) 22,000 Direct Material Per unit OMR.IO.0O Direct wages Per unit Total factory overhead apportioned to product OMR. 4.0O 88,000
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