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Medical Gloves Sdn Bhd produces two types of medical gloves namely Blaze and Blake. The production of the two products consumes two types of materials
Medical Gloves Sdn Bhd produces two types of medical gloves namely Blaze and Blake. The production of the two products consumes two types of materials (A and B). Two types of workers are being employed; skilled and semi-skilled labour. The following is the budgeted information for the productions and sales of the products for the second quarter of 2021. Budgeted sales (unit) Standard selling price per unit (RM) Production cost per unit (RM) Stock at production cost (1 April 2021) (RM) Stock at production cost (30 June 2021) (RM) Material X used for each unit Material Y used for each unit Skilled labour hours worked for each unit Semi-skilled labour hours worked for each unit Additional information: 1. Budgeted labour rate are as follows: Blaze 3,000 450 350 140,000 175,000 4.5 meters 2.5 meters 4 hours 5 hours Blake 3,500 300 300 210,000 330,000 5 Meters 4 meters 2 hours 3 hours Skilled labour RM15.00 per hour Semi-skilled labour RM8.00 per hour 2. Stocks of material are as follows: Stock at 31 March 2021 (unit) Stock at 1 July 2021 (unit) Purchase price (RM) Material X 3,000 2,050 45.00 Material Y 2,050 3,000 50.00 Required: Prepare the following budget for the second quarter of 2021: i. Production budget ii. Material usage budget iii. Material purchase budget iv. Direct labour cost budget
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