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Q3. a) With the following information, prepare the Budgeted Profit for the year for Company XYZ. (5 marks) 4 products (P, Q, R &

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Q3. a) With the following information, prepare the Budgeted Profit for the year for Company XYZ. (5 marks) 4 products (P, Q, R & S) are produced by XYZ Ltd. The labour costs are at Rs. 10 per hour of work. Raw Material used for all products is similar at Rs. 25 per kg. Factory Rent is Rs. 1,00,000 and other Overheads are at Rs. 20,000/-. Prepare a Budgeted Profit and Loss Statement for XYZ Ltd. Other information is as under: No. of Units UOM Q R S S produced Nos. 50 45 80 90 Sales Price Rs. Per Unit 700 700 900 950 Labour Hours Hrs. per unit 10 12 8 4 Raw Material Kgs. per unit 6 5 10 10 12

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