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Q1 Glass manufacturing company requires you to calculate and present the budget for the next year from the following Sales : Toughened glass Rs. 3,00,000
Q1 Glass manufacturing company requires you to calculate and present the budget for the next year from the following Sales : Toughened glass Rs. 3,00,000 Bent Toughened glass Rs. 5,00,000 Direct Material cost 60% of sales Direct wages 20 workers @ Rs. 150 P.M. Factory Overheads Indirect Labour - Works Manager Rs. 500 per month, Foreman Rs 400 per month. Stores and spares 24% on sales Depreciation machinery Rs. 12,600 Light and power Rs. 5,000 Repairs etc. Rs. 8,000 Other sundries 10% on Daily wages Administration selling and distribution expenses Rs. 14,000 per annum
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