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Question 3 [Soalan 3] (a) You are the senior accountant at Cannon Manufacturing and have been asked by the budget director to prepare the

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Question 3 [Soalan 3] (a) You are the senior accountant at Cannon Manufacturing and have been asked by the budget director to prepare the production budget for the upcoming quarter. The budget director stated that they choose you to prepare this budget because it is an important part of the overall operating budget and financial budget. Explain the objectives of the production budget. [Anda adalah akauntan kanan bagi firma Cannon Manufacturing dan telah diarahkan oleh pengarah belanjawan untuk menyediakan belanjawan pengeluaran untuk suku tahun akan datang. Pengarah belanjawan menyatakan bahawa mereka memilih anda kerana ia adalah bahagian yang penting untuk keseluruhan belanjawan operasi dan kewangan. Terangkan objektif belanjawan pengeluaran.] (5 marks/markah) (b) Jones Corporation has the following budgeted sales for the selected four-month period: [Jones Corporation mempunyai belanjawan jualan untuk empat bulan terpilih seperti berikut:] Month July August September October Unit Sales 20,000 35,000 25,000 30,000 Additional information: [Maklumat tambahan:] Sales price per unit is RM180. [Harga jual seunit adalah RM80.] The company has a policy for ending inventory to be equal to 20 percent of the unit sales for the next month. There was 4,000 units in beginning inventory on July 1st. [Syarikat mempunyai polisi bagi stok akhir iaitu 20 peratus daripada unit jualan pada bulan hadapan. Terdapat sebanyak 4,000 unit stok awal pada 1 Julai.] Three kilograms of materials are required for each unit produced. Each kilograms of material costs RM20. Ending inventory policy for materials equal 30 percent of the needs for the next month. [3 kilogram bahan mentah diperlukan bagi setiap unit yang dihasilkan. Harga bahan mentah adalah RM20 sekilogram. Polisi bagi stok akhir bahan mentah adalah 30 peratus daripada jumlah unit yang diperlukan bagi bulan hadapan.] Desired ending inventory for September is 25,200 kg of material. Beginning inventory for July was 20,700 kg of material. [Anggaran stok akhir bagi September adalah 25,200kg bahan mentah. Stok awal Julai adalah 20,700kg]

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