Particulars Sales Add: Closing Stock Product A 15,000 1.500 16,500 3,000 13,500 Product B 75,000 4,500 79,500 4,000 75,500 Less: opening Stock Production p34 Total 13,500 75,500 Material Purchase Budget for the Year ending Dec 31" 2015 Particulars Q R Material required for product A in the ratio of 3:5:2 4,050 6.750 2.700 Material required for product B in the ratio of 1:2 25.167 50,333 Total requirement 4,050 31,917 53,033 Add: Closing Stock 3.000 6,000 9.000 7,050 37.917 62,033 Less: opening Stock 4,000 3.000 30.000 Purchases (in units) 3,050 34,917 32,033 Cost per kg. 12 10 8 Total Purchase cost ) 36.600 3.49.170 2,56,264 6,42,034 1st 60 Illustration 3 The following details apply to an annual budget for a manufacturing company. Quarter 2nd 3rd 4th Working days 65 55 60 Production (units per working day) 100 110 120 105 Raw material purchases (% by weight of annual total) 30% 50% 20% Budgeted purchase price/Kg.) 1 1.05 1.125 Quantity of raw material per unit of production 2 kg. Budgeted closing stock of raw material 2.000 kg. Budgeted opening stock of raw material 4,000 kg. (Cost 4,000) Issues are priced on FIFO Basis. Calculate the following budgeted figures. (a) Quarterly and annual purchase of raw material by weight and value. (b) Closing quarterly stocks by weight and value