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Priya Biscuits Ltd. produces 2 biscuits products Creamica and product ButterSalt. Raw materials X and Y are required to manufacture both the products. The
Priya Biscuits Ltd. produces 2 biscuits products Creamica and product ButterSalt. Raw materials X and Y are required to manufacture both the products. The following are the estimated data related to some cost and revenue factors for the next year. Particulars Product Product Creamica Butter Salt Budgeted sales (units) 12,200 9,000 Opening stock of finished goods (units) 1,900 Closing stock of finished goods (units) 1,700 1,300 2,300 Budgeted selling price per unit (Rs.) 26 22 Raw materials per unit of production X 4.5 kg 2.5 kg MY 2 ka 3 kg Other information: Particulars Raw material X Raw material Y Opening stock 2,500 kg 1,700 kg Closing stock 1,500 kg 1,700 kg Cost per kg of material purchase Re:0.80 Rs.1.25 Compute the estimated total cost of both the raw materials purchased.(15 marks)
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