Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Market research in a company indicated that the expected sales volume during the next year is 25,000 units, noting that the selling price of the

image text in transcribed
Market research in a company indicated that the expected sales volume during the next year is 25,000 units, noting that the selling price of the unit is 50 riyals s policy is to maintain a stock at the end of each period 'The company equivalent to 20% of the expected sales volume. The stock at the beginning of the period reached 10,000 units. The company also uses two types of raw materials in production, A and B. The following data could be The purchase price of The product is 4 parts, 2 kg respectively obtained a unit of materials is 3 riyals per part and 4 riyals per kilo, respectively And that the company's policy is to maintain a stock of raw materials at the end of the period equivalent to 10% of the production needs of the (A) materials, and the stock of the beginning of the period of material assuming that the (kilograms 2000) (B) reached 3000 parts of material Two hours of direct work, the unit of the product needs on average average hourly wage is 5.3 riyals, and the level of activity is measured on the basis of direct work hours if you know that the cost of maintenance is 5 riyals per hour of work and the rent is 9,000 riyals for every 3 months Required: Preparing the sales budget. Required: Preparing the production budget. Required: prepare the direct materials budget. Required: Preparing the budget for direct work. Required: Preparing the budget for indirect industrial costs

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_2

Step: 3

blur-text-image_3

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

Effective Internal Auditing

Authors: Manuel E. Peña-Rodríguez

1st Edition

1736742922, 978-1736742921

More Books

Students also viewed these Accounting questions

Question

Use traces to sketch and identify the surface. 3x 2 + y + 3z 2 = 0

Answered: 1 week ago

Question

Does it have correct contact information?

Answered: 1 week ago