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D Ltd manufactures two products namely, Products AB and product CD Planned sales for the year 2014 are as details given below: Both the products
D Ltd manufactures two products namely, Products AB and product CD Planned sales for the year 2014 are as details given below: Both the products use two types of direct materials, namely DM1 and DM2: DM1 costing pound 0.60 perlitre DM2 costing pound 0.70 per litre Direct materials usages per unit are: stocks are esimated to be: required to prepare the following budgets for Year 2017: a) Sales values for Product AB and Product CD and in total b) Production quantities for Product AB and Product CD c) Direct materials usage for DM1 and DM2 in litres only d)Purchases of direct materials in litres and total value for DM1 and DM2 e) Critically comment on the limitations of Budgeting f) Critically discuss TWO (2) benfits that a business would expect to derive from to budget setting process
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