Material uses and purchases budget, Financial Management

Assignment Help:

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


Related Discussions:- Material uses and purchases budget

Write a market outlook for bond markets, The requirement of this assignment...

The requirement of this assignment that you write a Market Outlook for Bond Markets in a report form, in which you present your assessment of  the investment potential of global so

Floor Brokers, Floor Brokers These people have the responsibility of ex...

Floor Brokers These people have the responsibility of executing the trades forwarded by the FCMs on the floor of the exchange. They can also trade for their own account. They w

Sources of finance, Classification of finance and abrief description of eac...

Classification of finance and abrief description of each source of fund

Debt securities, Fixed income security is a financial obligation of an ...

Fixed income security is a financial obligation of an entity, which promises to pay a pre-specified amount of money at per-specified date. Debt securities (

Debt holders versus shareholders, Debt holders versus Shareholders A se...

Debt holders versus Shareholders A second agency problem arises because of potential conflict between stockholders and creditors. Creditors lend finances to the firm at rates w

Operating cycle, operating cycle of a vegetable growing business

operating cycle of a vegetable growing business

Return enhancement on investment, Return Enhancement can be explained...

Return Enhancement can be explained using following heads: Use of a Valuation Model: An investor having access to a bond valuation model can bu

Consequence of the cash operating cycle, Q. Consequence of the cash operati...

Q. Consequence of the cash operating cycle? The cash operating cycle is the length of time among paying trade payables and receiving cash from receivables. It is able to be cal

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd