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Please complete it You have a coffee stall in operation at Samsung since 2015. Information of your business in 2018 are as follows: Selling price
Please complete it
You have a coffee stall in operation at Samsung since 2015. Information of your business in 2018 are as follows: Selling price was USD 10 per cup Average Sales volume was 35 cup per day Annual sales growth was 12% Price increases by 20% every year Monthly average selling and administration cost of the stall was: Police Commission = USD 500/month Rent = USD 1,000/month Utility = USD 200/month Depreciation = USD 60/month During a normal situation, the following growth has been observed: Raw material cost increases by 10% every year Labor cost increases by 8% every year MOH cost increases by 12% every year Selling and administration cost increases by 4% every year Make a Master Budget (Sales/Production/RM/Labor/MOH/Selling & Administrative/Cash budget) for the year 2019 (Pre-CORONA virus year) and another Master Budget for the year 2020 (CORONA virus year). You need to calculate your own production cost (raw material cost + labor cost + MOH cost) and opening/closing inventory. Show details/breakdown of your calculation. You have a coffee stall in operation at Samsung since 2015. Information of your business in 2018 are as follows: Selling price was USD 10 per cup Average Sales volume was 35 cup per day Annual sales growth was 12% Price increases by 20% every year Monthly average selling and administration cost of the stall was: Police Commission = USD 500/month Rent = USD 1,000/month Utility = USD 200/month Depreciation = USD 60/month During a normal situation, the following growth has been observed: Raw material cost increases by 10% every year Labor cost increases by 8% every year MOH cost increases by 12% every year Selling and administration cost increases by 4% every year Make a Master Budget (Sales/Production/RM/Labor/MOH/Selling & Administrative/Cash budget) for the year 2019 (Pre-CORONA virus year) and another Master Budget for the year 2020 (CORONA virus year). You need to calculate your own production cost (raw material cost + labor cost + MOH cost) and opening/closing inventory. Show details/breakdown of your calculationStep by Step Solution
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