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Need help with the following questions Question 6 A company makes two products, AB and CD. Forecast sales for the coming year are 5,000 units

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Need help with the following questions

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Question 6 A company makes two products, AB and CD. Forecast sales for the coming year are 5,000 units for AB and 1,000 units CD respectively. The company has the following opening and required closing. AB units CD unit Opening Inventory 250 50 Closing Inventory 900 50 Required: Prepare the production budget for the coming year. Question 4 B Ltd has incurred the following indirect costs. Indirect Material E20,000 Rent f15,000 Electricity f10,000 The following information is also available: Assembly Finishing Maintenance Canteen Area (sq. metres) 500 2,000 500 500 kW hours 2,750 4,500 1,975 775 consumed Staff 20 30 10 2 Indirect Materials 7,000 8,000 3,000 2,000 budget (f) Required: Prepare an overhead analysis to distribute indirect costs between Assembly, Finishing, Maintenance and Canteen department. Question 5 Required: Critically discuss the need to create a budget.Question 1 Required: Define what overheads are and discuss why identifying overheads is critical for businesses. Question 2 Johnson Ltd makes only one product talcum powder. A total overhead of 25,000 were incurred last year. During the same period, a total of 5,200 direct labour hours were worked. The following information relates to direct cost of producing one talcum powder: direct materials costing 1.20 direct labour time of 15 minutes at an hourly labour rate of 9. The indirect costs or overheads are charged on a direct labour hour basis. Required: What is the full cost (direct cost + indirect cost) of producing one talcum powder? Question 3 Durham Prints Ltd manufactures a single product that has the following standard (budgeted) cost specications per unit based on budgeted production of 2000 units Direct materials 10 square metres at 2 per square metre _20 Direct labour 4 hours at 6 per hour EA f During June, the following actual data have been recorded in the production of 2000 units: Direct materials 21,000 square metres at 3 per square metre Direct labour 7,800 hours at a total cost of 50,700

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