Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Income Statement of Malaysia Milk Sdn Bhd for the months ended 31 July and 31 August 2020 are as follows: July Aug Sales (units)
The Income Statement of Malaysia Milk Sdn Bhd for the months ended 31 July and 31 August 2020 are as follows: July Aug Sales (units) 12,000 15,000 RM RM Sales revenue 300,000 375,000 Less Total Cost Direct materials 60,000 75,000 Indirect materials 12,000 12,000 Direct labour 48,000 60,000 Indirect labour 20,000 20,000 Rent 5,000 5,000 Depreciation 6,000 6,000 Inspection costs 7,000 7,000 Electricity 24,000 30,000 Supervisors' salaries 6,000 6,000 188,000 221,000 Profit/Loss 112,000 154,000 REQUIRED: 2020 assuming that (a) Prepare a budget in the same format for the month ended 30 Septe the factory will manufacture and sell 16,000 units during the month
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started