Material uses and purchases budget, Financial Management

XYZ company produces three products X,Y and Z. for the coming accounting period budgets are to be prepared based on following information.

Budgeted Sales

Product X       2,000 at RO 100 each

Product Y       4,000 at RO 130 each

Product Z        3,000 at RO 150 each

Budgeted usage of raw material

 

RM11

RM22

RM33

Product X

5

2

-

Product Y

3

2

2

Product Z

2

1

3

Cost per unit of material

RO 5

RO 3

RO 4

Finished stocks budget

 

Product X

Product Y

Product Z

Opening

500

800

700

Closing

600

1,000

800

Raw material stocks budget

 

RM11

RM22

RM33

Opening

21,000

10,000

16,000

Closing

18,000

9,000

12,000

 

Product X

Product Y

Product Z

Expected hours per unit

4

6

8

Expected hourly rate (labour)

RO 9

RO 9

RO 9

Required;

Draw up the following functional budgets.

a)  Sales budget in terms of both quantity and value

b)  Production budget

c)  Material usage budget

d) Material purchases budget

e) Labour budget

Posted Date: 2/19/2013 7:23:07 AM | Location : United States







Related Discussions:- Material uses and purchases budget, Assignment Help, Ask Question on Material uses and purchases budget, Get Answer, Expert's Help, Material uses and purchases budget Discussions

Write discussion on Material uses and purchases budget
Your posts are moderated
Related Questions
Calculate the price of Winnebago stock (Winnebago has no debt so this is the market value of the firm seperated by the number of common shares outstanding.) from the cashflows you

Q. Evaluae new options within current organization? Evaluating having completed self marketing successfully to prospective employers it is time to analyze new options within cu

What are the types of theft threats?  Describe the methods to access and overcome theft threats. Types of theft threats - Mass theft, Pilferage theft. Steps to assess threats

Determine about the Shareholders Shareholders, being the owners of the company, elect board of directors and vote on major issues that affect functioning and long term plans of

Multicollinearity As the degree of correlation between the independent variables increases, the regression coefficients become less reliable. That is, although the independent

Compare and contrast mutual and stockholder-owned savings and loan associations. Some loan and savings associations are owned by stockholders, just as commercial banks and oth

Considering the following information, what is the price of the share as per Gordon’s Model? Details of the Company Net sales Rs.120 lakhs Net profit margin 12.5% Outstandi


A portfolio manager would never prefer to make investment decision based on just one set of assumptions. Instead, he would evaluate the outcome of the selected st

Determine the factors of financial risk by giving example W. T. L. Company's cost of long-term debt two years ago was 8 percent.  This 8 percent was found to represent a 4- per