Question
The management accountant of Mega Ltd, a local manufacturing firm, is currently preparing the operating and financial budgets for the year ending 30 June
The management accountant of Mega Ltd, a local manufacturing firm, is currently preparing the operating and financial budgets for the year ending 30 June 2023 for discussion and approval in the next board meeting. She has just collected the following budgeted financial data from various departmental managers and would like to seek your assistance in preparing some budgets in the entire Master Budget: 1) Selling price per unit: Product X $4,000 Product Y $9,000 2) Sales demand Product X 1,000 units Product Y 500 units 3 Direct materials sired per unit Product X 5kg Product Y 2kg 4 Diect material costs Die labour boun: Product X 6D about me per hour Al $30 per kg) 7) Raw material inventories: Al (at $30 per kg.) B2 3 kg 6 kg AL B2 $30 per kg $20 per kg Product Y 4 hours 10 hours 590 277 1/7/2022 30/6/2023 400 kg 300 kg. B2 (at $20 per kg) 200 kg. 500 kg. 8) Fished goods inventories: 17/2022 30/6/2023 Product X 200 units 100 units Product Y 50 units 150 units 9) Variable overhead per direct labour hour $200 10) Fixed overhead per annum $4,800,000 Pe the lowing manufacturing budgets for the year ending 30 June 2023: Pun bug In units (marks) Ramal age and purchase budgets (in units and dollars) (8 marks) mandatured in dollars) 15 marks) 11-=
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