Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to solve this prob? Bina Berhad manufactures kites that sell for RM20 each. Each kite requires 2 meters of light-weight canvas, which costs RMO.60

How to solve this prob?

image text in transcribed
Bina Berhad manufactures kites that sell for RM20 each. Each kite requires 2 meters of light-weight canvas, which costs RMO.60 per meter. Each kite takes approximately 30 minutes to build, and the labour rate averages RM8 per hour. Bina Berhad has the following inventory policies: Ending finished goods inventory should be 30 % of next month's sales. Ending direct materials inventory should be 20 % of next month's production. Expected kite sales for the upcoming months are : -@l Variable manufacturing overhead is incurred at a rate of RMO.40 per unit produced. Annual xed manufacturing overhead is estimated to be RM9,000 (RM750 per month) for expected production of RM9,000 units for the year. Selling and administrative expenses are estimated at RM820 per month plus RMO.75 per unit sold. Muired Prepare the following for Bina Berhad for the second quater (April, May and June). Include each month as well as the quarter 2 total in each budget. a. Sales budget. b. Production budget. 0. Direct materials purchases budget. (1. Direct labour budget. 6. Manufacturing overhead budget. r. Budgeted cost of good sold. g. Selling and administrative expenses budget. h. Income Statement for quarter 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statements

Authors:

1st Edition

1423223853, 9781423223856

More Books

Students also viewed these Accounting questions

Question

What does this look like?

Answered: 1 week ago