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

Functions of derivatives market, Functions of Derivatives Market: To re...

Functions of Derivatives Market: To reduce risk or eliminate risks some ways and methods are there. Risk in the capital market can be reduced by diversification or putting eggs

Leverage, evaluate the importance of leverage in a small scale company

evaluate the importance of leverage in a small scale company

Fiancial management, Ashok is to receive an amount of Rs. 15,00,000 from hi...

Ashok is to receive an amount of Rs. 15,00,000 from his relative after 3 years. He wants to buy a house for which he wants the money to be paid now. His relative had al

Accept-reject rule, Accept-Reject Rule: The decision rule is to accept ...

Accept-Reject Rule: The decision rule is to accept the project if the computed payback period is less than the standard.  If not, reject it.  While ranking the projects, projec

What is cash credit, Q. What is Cash Credit? A cash credit is an arrang...

Q. What is Cash Credit? A cash credit is an arrangement by which a bank allows his customer to borrow money up to a certain limit against some tangible securities or guarantees

Factors affecting composition of working capital, I need a report on the to...

I need a report on the topic Factors affecting Composition of Working Capital. Can you please assist me?

Explain the term- authorised and paid-up share capital, Explain the term- A...

Explain the term- Authorised and Paid-up Share Capital Number of shares of stock provided for in Articles of Association of a company is the authorized share capital. This figu

Future value, (a).At the end of three years, how much is an initial deposit...

(a).At the end of three years, how much is an initial deposit of $100 worth, assuming a compound annual interest rate of (i) 100 percent? (ii) 10 percent? (iii) 0 percent? (b).b. A

Financial analysis and interpretation , You have been to carry out the foll...

You have been to carry out the following work: To provide a financial analysis and interpretation of one London stock Exchange registered company. The senior Partner has

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