Answered step by step
Verified Expert Solution
Question
1 Approved Answer
use the information provided below to calculate the expected production cost for March 2021. INFORMATION Lyn Limited manufactures Product X. An estimate of the number
use the information provided below to calculate the expected production cost for March 2021.
INFORMATION Lyn Limited manufactures Product X. An estimate of the number of units to be sold during March and April 2021 is given below:
March | 1 500 |
April | 1 900 |
It is anticipated that:
1. There will be no work-in-process at the end of any month.
2 Finished units equal to 40% of the expected sales of the following month will be in inventory at the end of each month.
The budgeted production and production costs for the year ending 31 December 2021 are as follows:
Production | 18 000 units |
Direct materials cost per unit | R 25 |
Direct labour cost per unit | R 15 |
Other manufacturing costs | R 54 000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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