Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC company produces and selling a single product. The following information relates to their budgeted operations for the 2023 financial year. Sales Period Units Quarter

ABC company produces and selling a single product. The following information relates to their budgeted operations for the 2023 financial year.



Sales

Period

Units

Quarter 1

42 000

Quarter 2

48 000

Quarter 3

33 000


A closing inventory of 15% of the next period’s sales is required. The forecast sales for Quarter 4 are 36 000 units. From the company’s history it was observed that the sales units for Quarter 4 of any year are the same.

The standard material cost of one unit of finished product is:

Cost per Unit produced

N$

Assembly Department (N$ 8 per kilo)

24

Finishing Department (N$ 10 per kilo)

20


REQUIRED:

Prepare the Direct Material Budget, in KG and in N$, for both Departments for each of the Quarter 1 

Step by Step Solution

3.37 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

Answer We have that The standard material cost of one unit of finished product ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction To Management Science Quantitative Approaches To Decision Making

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

13th Edition

9781111532246, 1111532222, 1111532249, 978-1111532222

More Books

Students also viewed these Accounting questions