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QUESTIONS Suria Limited manufactures two products, KIKI and KAKA. The following information is available for the production for each unit of the products:- Standard cost
QUESTIONS Suria Limited manufactures two products, KIKI and KAKA. The following information is available for the production for each unit of the products:- Standard cost for each product are as follows: Direct KIKI KAKA material: 24 kilos at RM2.00 per kilo 30 kilos at RM2.00 per kilo Y 10 kilos at RM5.00 per kilo 8 kilos at RM5.00 per kilo Direct wages Unskilled 10 hours at RM3.00 per 7 hours at RM3.00 per hour hour Skilled 6 hours at RM5.00 per 5 hours at RM5.00 per hour hour The projected data for the month of January 2021 are as follows: PRODUCT KIKI KAKA RM RM Finished goods stock at production cost: Opening stock 152,000 256,000 Closing stock 190,000 352,000 Production cost per unit 380 320 Sales at standard sales price 1,368,000 1,536,000 Standard sales price per unit 570 480 MATERIAL Y Stock at standard price RM RM 1 January 60,000 125,000 31 January 70,000 135,000 a) Using the information given above, you are required to prepare for the month of January 2022 D) Production Budget b) Material usage Budget Material purchase Budget iv) Direct labour Budget 35
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