Hazelnut wishes to calculate an operating budget for the forthcoming period. Information regarding products, costs and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Hazelnut wishes to calculate an operating budget for the forthcoming period. Information regarding products, costs and sales level is as follows: Product A Materials required X(kg) Y(litres) Sales (units) Opening inventory (units) 4 8 4,000 3,000 200 400 Closing inventory of materials and finished goods will be sufficient to meet 10% of sales. Opening inventory of material X was 600 kg and for material Y was 2,000 litres. Material prices are $10 per kg for material X and $8 per litre for material Y. Produce the following budget: (i) Production budget Product A: Product B: units units (ii)Materials budget purchase Material X: Material Y: ($) Hazelnut wishes to calculate an operating budget for the forthcoming period. Information regarding products, costs and sales level is as follows: Product A Materials required X(kg) Y(litres) Sales (units) Opening inventory (units) 4 8 4,000 3,000 200 400 Closing inventory of materials and finished goods will be sufficient to meet 10% of sales. Opening inventory of material X was 600 kg and for material Y was 2,000 litres. Material prices are $10 per kg for material X and $8 per litre for material Y. Produce the following budget: (i) Production budget Product A: Product B: units units (ii)Materials budget purchase Material X: Material Y: ($)
Expert Answer:
Answer rating: 100% (QA)
i Production Budget Product A Product B SNo Particulars in units ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Wollongong wishes to calculate an operating budget for the forthcoming period. Information regarding products, costs and sales levels is as follows: Product A B Materials required X (kg) 2 Y (litres)...
-
Chitukuko Ltd wishes to calculate an operating budget for the forthcoming period for its third facory. Information regarding products, costs and sales for the two products produced there is as...
-
WAMI Ltd wished to calculate an operating budget for the forthcoming period. Information regarding products, costs and sales levels is as follows. Closing stock of materials and finished goods will...
-
On December 1, 2018, BEEN RICHARDS Company entered into two independent forward contracts to sell US$1,200 in 90 days or on March 1, 2019. The exchange rates available on various dates are as...
-
Labran Jones has played for the Cleveland professional basketball team for the past eight seasons and has established himself as one of the top players in the league. He has recently become a free...
-
Why should companies be careful to maintain a good ethical reputation?
-
Much of the information contained in the balance sheet is reported on a historical cost basis. This means that such assets as land are reported at the amount that was originally paid for the item...
-
The manager of a local fast-food restaurant is interested in improving the service provided to customers who use the restaurants drive-up window. As a first step in this process, the manager asks his...
-
Lukow Products is investigating the purchase of a piece of automated equipment that will save $130,000 each year in direct labor and inventory carrying costs. This equipment costs $840,000 and is...
-
Dry Supply is a wholesaler of dry cleaning equipment, cleaning supplies, and laundry soap. This company is located in Kansas, it has been in business for over 50 years. Anne Schippel, is a business...
-
A cheque of GH 5,000.00 was paid to a Foodstuffs Supplier Creditor as Part-Payment of the Institution's indebtedness and this cheque lasted for its mandatory life span without withdrawal. What would...
-
Bob Biller is an aspiring health care student who is fascinated by the complex world of medical billing and coding. Since his childhood, Bob has been excited about working in the world of finance,...
-
Consider all 40 observations on the delivery time data. Delete \(10 \%\) (4) of the observations at random. Fit a model to the remaining 36 observations, predict the four deleted values, and...
-
Explain why there must be a mistake in each of the following statements: (a) The probability that a student will get an \(A\) in a geology course is 0.3, and the probability that he or she will get...
-
How has the history of health care compliance changed since its inception? ( Look at the ways in which penalties have increased in various ways.) What do you think will be the key to getting control...
-
What are the four stages of industrial revolution? How did each stage influence the marketing orientation that prevailed during and after?
-
O Argument, Conclusion: "The author of both the book and the movie..." QUESTION 4 Coaching takes time, it takes involvement, it takes understanding and patience. Non-Argument Argument, Conclusion:...
-
Which one of the following anhydrous chloride is not obtained on direct heating of its hydrated chloride? (A) BaCl2 (B) CaClz (C) MgCl2 (D) SrCl2
-
On 30 October the following were among the balances in the cost ledger of a company manufacturing a single product (Product X) in a single process operation: The raw material ledger comprised the...
-
The following data have been collected for the month of April by a company which operates a standard absorption costing system: Actual production of product EM 600 units Actual costs incurred: ()...
-
(a) Describe briefly three major differences between: (i) Financial accounting, and (ii) Cost and management accounting. (b) Below are incomplete cost accounts for a period The balances at the end of...
-
In its first month of operations (May of 2019), Allred Company's Department 1 incurred charges of \($72,000\) for direct materials (9,000 units), \($38,700\) for direct labor, and \($13,500\) for...
-
The following data (and annotations) for March 2019 are for the work-in-process account of the first of Olympus Company's four departments used in manufacturing its only product. Assuming that...
-
Find a spanning tree of the graph below using the undirected spanning tree algorithm. Work by hand on this problem rather than using Mathematica. Assume that the order of the edges is:...
Study smarter with the SolutionInn App