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ii. Servyu Sdn Bhd is a manufacturer of two products - Chair and Table. Information relating to the following year 2019 is as follows: Product
ii. Servyu Sdn Bhd is a manufacturer of two products - Chair and Table. Information relating to the following year 2019 is as follows: Product Table Inventory of finished goods (Product Chair and Product Table): Product Chair Estimated sales 2,500 units Selling price RM26 Opening inventory of finished goods 50 units Closing inventory of finished goods 550 units 500 units RM41 20 units 25 units Materials Material X Material Y Material content per unit of finished goods Product Chair Product Table Opening inventory Closing inventory Price per kg 6 kg 3 kg 1,250 kg 1,500 kg RM0.60 5 kg 4 kg 1,100 kg 250 kg RM1.30 Labour Product Chair 6 hours RM2 Product Table 10 hours RM2 Labour required for 1 unit of finished goods Labour rate per hour You are required to prepare the following: a) Sales budget b) Production budget c) Material usage budget
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