Direct material

Tabaruks main product used in the production process is fuchka and ghugni. The ingredients needed in a day are given below: (MAIN PRODUCT):

Ingredients needed in a day for SIDE PRODUCTS:

Product Name Quantity Unit price Total price (TK) Flour 5kg 30 150 Soybean 4ltr 90 360 Dabli 3kg 50 150 Onion 1kg 20 20 Green Chili 1/2kg 20 10 Red Chili 1/10kg 50 5 Salt 1/2kg 30 15

TOTAL MATERIAL COST OF RAW MATEREIALS

= 710

Product Name Quantity Unit Price (TK) Total price (TK)

Tamarind 1/10 150 15 Sugar 2/10 50 10 Spices 1 packet 50 50

TOTAL RAW MATERIALS SIDE PRODUCT

= 75

10

These are the total direct material cost of Tabaruks fuchkas. He made 600 fuchka per day using this material. He sells 60 plate fuchka every day and he serves 10 fuchka in a plate. So now we will calculate single plate fuchka cost which is given below:

Direct Labor Tabaruk himself is the owner, seller and labor of his business. Manufacturing Overhead

Variable Cost:

Product Name Amount Washing and cleaning cost 20 Total 20

Fixed Cost: Product Name Quantity of plate Fuchkas per plate served Total amount of per plate fuchka Flour 1 10 2.5 (150/60) Soybean 1 10 6 (360/60) Dabli 1 10 2.5 (150/60) Onion 1 10 0.35 (20/60) Green Chili 1 10 0.17 (10/60) Red Chili 1 10 0.09 (5/60) Salt 1 10 0.25 (15/60) Tamarind 1 10 0.25 (15/60) Sugar 1 10 0.17 (10/60) Spices 1 10 0.83 (50/60) Total 1 10 13.11

Direct Labor Tabaruk himself is the owner, seller and labor of his business. Direct Labor = 0

Manufacturing Overhead

Variable Cost:

Product Name Amount Washing and cleaning cost 20 Total 20

Fixed Cost:

Product Name Amount Stand 70 Bowl 130 Transportation 20 Total 220

Total Manufacturing Overhead Cost: Total manufacturing cost = (20+220) = 240 The per plate manufacturing cost would be: Total MOH cost/total sales a day = 240/60 = 4 taka

Prepare the store's Master Budget* for the following fiscal year, i.e. 2022 with the given information.

From your master budget, create an anticipated income statement and balance sheet for the year 2022.

Sales budget (price, quantity, and estimated cash collection schedule), manufacturing budget, Direct Material budget (with expected cash distribution schedule), Direct Labor budget, MOH budget, Selling and Admin budget, and Cash budget should all be included in the master budget.