Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mazila Limited produces three products A, B and C. The following information is relevant: Sales Materials used in the company's products: Material Unit cost

Mazila Limited produces three products A, B and C. The following information is relevant: Sales Materials used in the company's products: Material Unit cost Quantities used in material: Product Product Product Finished stocks: Quantities 1 January 31 January ABU C Product A B 1,000 1,100 MI (units) MI K4,000 MI (units) 4 Product A (units) 26,000 31,200 432 3 2 Quantity (units) 1,000 2,000 1,500 1,500 1,650 M2 (units) M2 K6,000 M2 (units) Product B (units) 20,000 24,000 23 1 Price (K'000) 100 120 140 500 550 Materials stocks: Quantities 1 January 31 January Required: Using the information given above, prepare the budgets for the month of January for: (i) Sales in quantity and value, including total value; M3 (units) M3 K9,000 Product C (units) M3 (units) 12,000 14,400 2 1 (ii) Production quantities; (iii) Material usage in quantities; (iv) Materials purchases in quantity and value, including total value. The budgets must be prepared in columnar format.

Step by Step Solution

3.43 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

The detailed ... 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

Cost Accounting

Authors: William K. Carter

14th edition

759338094, 978-0759338098

More Books

Students also viewed these Accounting questions