QUESTION 1Syarikat Quantum Sdn. Bhd. Began its operation in 2010. The company manufactures twokind of processes foods, Nuggets and Popchick. The following are some of the informationthat have been compiled for the presentation of its operational budget for 2020.Selling prices are RM30.00 per packet for Nuggets and RM20.00 per packet for Popchick. Atthese prices 500 packets of Nuggets and 700 packets of Popchick can be sold.Material will be purchased from supplier who will supply chicken meat and flavored flour atRM5.50 per kg and RM2.50 per kg respectively. The company uses 5 kilograms of chickenmeat and 2 kilograms of flavored flour for each packet of Nugget and 4 kilograms of chickenmeat and 3 kilograms of flavored flour for each packet of Popchick.The company pays all workers at the same rate of RM5.00 per hour and it is estimated that2.5 hours of direct workers will be required at mixing department and 1.5 hours at Cookingdepartment for one packet of Nugget. Popchick will require 3.5 hours at Mixing departmentand 1 hour at Cooking department.On 1 January 2020, stock of chicken meat is estimated at 2,500 kilograms and stocks offlavored flour are estimated at 1,500 kilograms. It is estimated that this level will reduce by10% at end of the year.The opening stock of Nuggets and Popchick are estimated to be 250 and 400 packetsrespectively. The company plans to increase stock of Popchick to 550 packets at the end ofthe year, but will maintain Nugget stock at current level.Required:Prepare the following budgets for Syarikat Quantum Sdn. Bhd. for the year 2020:a. Sales Budgetb. Production Budgetc. Direct material (Usage and Purchase) Budgetd. Direct labour Budget

Name: QUESTION 1Syarikat Quantum Sdn. Bhd. Began its operation in 2010. The
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Description: QUESTION 1Syarikat Quantum Sdn. Bhd. Began its operation in 2010. The company manufactures twokind of processes foods, Nuggets and Popchick. The following are some of the informationthat have been compiled for the presentation of its operational bud

Direct Material Budget is a statement prepared to calculate the amount of materials that needs to be…

Answered: Prepare the following budgets for…

Business

Accounting

Prepare the following budgets for Syarikat Quantum Sdn. Bhd. for the year 2020: a. Sales Budget b. Production Budget c. Direct material (Usage and Purchase) Budget

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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