cost and Management Accounting

SECTION A-COMPULSORY QUESTION ONE Muliokela Limited manufactures three products from the same basic components You are provided with the following information relating to projections for December 2018: Sales Quantity 21,000 16,000 8,000 B c Price K15 K6 K28 Material usage per unit K 4 3 1 2 K 10 6 2 Wood Bought in components Packing Stocks Finished goods in units 1 December 31 December Raw materials c A 7,000 10,000 4,000 3,000 6,000 3,000 Parking Wood 1 December 31 December K 32,000 44,000 Bought in Components K 31,800 41,400 21,500 11,200 (iv) Wages A B Per unit 3 UN Overhead per unit Variable Fixed 1 Required Prepare the following budgets for Muliokela Limited: A. Sales budget 3. Production budget C. Material usage budget D. Material purchase budget E Production cost budget (5 Marks) (5 Marks (5 Marks) 15 Marks (5 Marks Pane 2017 SECTION A-COMPULSORY QUESTION ONE Muliokela Limited manufactures three products from the same basic components You are provided with the following information relating to projections for December 2018: Sales Quantity 21,000 16,000 8,000 B c Price K15 K6 K28 Material usage per unit K 4 3 1 2 K 10 6 2 Wood Bought in components Packing Stocks Finished goods in units 1 December 31 December Raw materials c A 7,000 10,000 4,000 3,000 6,000 3,000 Parking Wood 1 December 31 December K 32,000 44,000 Bought in Components K 31,800 41,400 21,500 11,200 (iv) Wages A B Per unit 3 UN Overhead per unit Variable Fixed 1 Required Prepare the following budgets for Muliokela Limited: A. Sales budget 3. Production budget C. Material usage budget D. Material purchase budget E Production cost budget (5 Marks) (5 Marks (5 Marks) 15 Marks (5 Marks Pane 2017