Trome stamfactures to products. Wannex and Adora, which we saw materials, BX and DG Ouest of W e sses of BX and 4 kilograms of DG Ouenit of Amana es titres BX and 2 kilograms of DG. A litre of BX is expected to cost $3 and biogram of DG $7 Sales and finished roads inventory budget for the year 2002 are as fotos 6.000 mit 300 nits Bideed Sales Opening to try Closing or Selling Price 8.000 als 1500 600 9200 Budgeted Sales Opening over Clown Seling Price $900 2.300 DG atay 2009 Luton of w il 6.000 o comp l eto hold 5.000 31. December 2000 af and 500 The massagested that ar e made for de Lessons Loss of 100 Loss od 500 times Loss of 200 Mo The Standard declitou com o product Wime is three hours and two hours for Amera T budgrind productivity to direct labour is only 80% for both products (wach means that lab is only working at 80% efficiency) The Tay lo 18 direct operatives to work cabo predacts at a rate of 20 perbe are expected to avenge 2.000 w ong bus each for the year Required Prepare the following budgets for the year 2002: mark (4 marks Product budget Ramalgadget was purchases Direct low badiget Bi Com the problem that your direct bow budget reveals Sugar wo ways the probleme be overcome Total: Tremor manufactures two products, Winnex and Amora, which use raw materials, BX and DG. One unit of Winnex uses 3 litres of BX and 4 kilograms of DG. One unit of Amora uses 5 litres of BX and 2 kilograms of DG. A litre of BX is expected to cost $3 and a kilogram of DG $7. Sales and finished goods inventory budget for the year 2002 are as follows: Winnex Amora Budgeted Sales 8,000 units Budgeted Sales 6,000 units Opening Inventory 1,500 units Opening Inventory 300 units Closing Inventory 600 units Closing Inventory 600 units Selling Price $200 Selling Price $300 Inventories of raw material are 6.000 litres of BX and 2,800 kilograms of DG at 1 January, 2002 and the company plans to hold 5.000 litres and 3.500 kilograms, respectively, at 31. December 2002 The warehouse and stores managers have suggested that a provision should be made for damages and deterioration of items held in store, as follows. Product Winnex Loss of 50 units Amora Loss of 100 units Raw Materials BG Loss of So0 litres Loss of 200 kilograms The standard direct labour content of product Winnex is three hours and two hours for Amora. The budgeted productivity ratio of direct labour is only 80% for both products (which means that labour is only working at 80% efficiency). The company employs 18 direct operatives to work on both products at a rate of $20 per hour and are expected to average 2,000 working hours each for the year. Required: a. Prepare the following budgets for the year 2002: i. Sales ii. Production budget iii. Raw material usage budget iv. Raw Materials purchases v. Direct labour budget. 1. Comment on the problem that yourdirect labour budget reveals. ii. Suggest two ways this problem might be overcome vi Trome stamfactures to products. Wannex and Adora, which we saw materials, BX and DG Ouest of W e sses of BX and 4 kilograms of DG Ouenit of Amana es titres BX and 2 kilograms of DG. A litre of BX is expected to cost $3 and biogram of DG $7 Sales and finished roads inventory budget for the year 2002 are as fotos 6.000 mit 300 nits Bideed Sales Opening to try Closing or Selling Price 8.000 als 1500 600 9200 Budgeted Sales Opening over Clown Seling Price $900 2.300 DG atay 2009 Luton of w il 6.000 o comp l eto hold 5.000 31. December 2000 af and 500 The massagested that ar e made for de Lessons Loss of 100 Loss od 500 times Loss of 200 Mo The Standard declitou com o product Wime is three hours and two hours for Amera T budgrind productivity to direct labour is only 80% for both products (wach means that lab is only working at 80% efficiency) The Tay lo 18 direct operatives to work cabo predacts at a rate of 20 perbe are expected to avenge 2.000 w ong bus each for the year Required Prepare the following budgets for the year 2002: mark (4 marks Product budget Ramalgadget was purchases Direct low badiget Bi Com the problem that your direct bow budget reveals Sugar wo ways the probleme be overcome Total: Tremor manufactures two products, Winnex and Amora, which use raw materials, BX and DG. One unit of Winnex uses 3 litres of BX and 4 kilograms of DG. One unit of Amora uses 5 litres of BX and 2 kilograms of DG. A litre of BX is expected to cost $3 and a kilogram of DG $7. Sales and finished goods inventory budget for the year 2002 are as follows: Winnex Amora Budgeted Sales 8,000 units Budgeted Sales 6,000 units Opening Inventory 1,500 units Opening Inventory 300 units Closing Inventory 600 units Closing Inventory 600 units Selling Price $200 Selling Price $300 Inventories of raw material are 6.000 litres of BX and 2,800 kilograms of DG at 1 January, 2002 and the company plans to hold 5.000 litres and 3.500 kilograms, respectively, at 31. December 2002 The warehouse and stores managers have suggested that a provision should be made for damages and deterioration of items held in store, as follows. Product Winnex Loss of 50 units Amora Loss of 100 units Raw Materials BG Loss of So0 litres Loss of 200 kilograms The standard direct labour content of product Winnex is three hours and two hours for Amora. The budgeted productivity ratio of direct labour is only 80% for both products (which means that labour is only working at 80% efficiency). The company employs 18 direct operatives to work on both products at a rate of $20 per hour and are expected to average 2,000 working hours each for the year. Required: a. Prepare the following budgets for the year 2002: i. Sales ii. Production budget iii. Raw material usage budget iv. Raw Materials purchases v. Direct labour budget. 1. Comment on the problem that yourdirect labour budget reveals. ii. Suggest two ways this problem might be overcome vi