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The following information has been assembled by Sanccoss Products Ltd which manufactures and retails products A and B. The details given below relate to the
The following information has been assembled by Sanccoss Products Ltd which manufactures and retails products A and B. The details given below relate to the year commencing 1 July 2000 : Fixed production overhead is applied on direct labouk basis. Administration, selling and distribution expenses are recovered at the rate of 20% of production cost and profit loaded at 25% of standard production cost. Finished goods stock position valued at production cost is expected to be as follows: Direct material stocks valued at standard prices are as follows: For the year to 30 June 2001, fixed production overhead has been estimated at Sh 1,800,000 and direct labouk at 1,200,000 hours. No opening or closing work-in-progress is anticipated. Required: a) Production budget in units. b) Direct materials cost budget. c) Purchases budget in value. d) Direct labouk cost budget. The following information has been assembled by Sanccoss Products Ltd which manufactures and retails products A and B. The details given below relate to the year commencing 1 July 2000 : Fixed production overhead is applied on direct labouk basis. Administration, selling and distribution expenses are recovered at the rate of 20% of production cost and profit loaded at 25% of standard production cost. Finished goods stock position valued at production cost is expected to be as follows: Direct material stocks valued at standard prices are as follows: For the year to 30 June 2001, fixed production overhead has been estimated at Sh 1,800,000 and direct labouk at 1,200,000 hours. No opening or closing work-in-progress is anticipated. Required: a) Production budget in units. b) Direct materials cost budget. c) Purchases budget in value. d) Direct labouk cost budget
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