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Material Budget (RS.)

1) The document contains budgets for materials, labor, factory overhead and sales for products A, B, and C. 2) Total factory cost for product A is Rs. 1,171,500 requiring 22,000 units to be produced. 3) Total factory cost for product B is Rs. 2,200,000 requiring 50,000 units to be produced. 4) Total factory cost for product C is Rs. 1,950,000 requiring 30,000 units to be produced.

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James Wisley
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60 views

Material Budget (RS.)

1) The document contains budgets for materials, labor, factory overhead and sales for products A, B, and C. 2) Total factory cost for product A is Rs. 1,171,500 requiring 22,000 units to be produced. 3) Total factory cost for product B is Rs. 2,200,000 requiring 50,000 units to be produced. 4) Total factory cost for product C is Rs. 1,950,000 requiring 30,000 units to be produced.

Uploaded by

James Wisley
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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110

50
41
30
40

110
50
41
30
40
Total

Material Budge
110
Material required 648000
Add: Desired Ending Unit 75000
723000
Less: Opening Units 63000
Unit of raw material to be Consumed 660,000

Labor Budget
A
Hours/Unit 4
Total Units 22000
Total Hours Requred 88000
Rate/Hour 4
352,000

FOH Budget
A
Direct Labour Hours 88000
FOH rate Applied 2
176,000

Cost of Material Consumed


Add:Direct Labor
Add: FOH
Total Factory Cost
Total Units to be Produced
Cost of goods to be manufactured/Unit
Desired Inventory, 31 Dec(Units)
Desired Inventory, 31 Dec(Rs.)
Sales Budget (Rs.)
Products A
Units Sold 20000
Price/Unit 55
Total Sales 1,100,000

A B C
3 5 8
2 1 3 6
2 2
3 3
5 4 9
10 6 12

A B C
22000 50000 30000 Total Meterial required(units)Price/Unit
66000 0 150000 216000 3
44000 50000 90000 184000 2
0 100000 0 100000 2.5
0 150000 0 150000 4
110000 0 120000 230000 3.25

Material Budget(Rs.)
50 41 30 40 Total
368000 250000 600000 747500
46000 37500 72000 97500
414000 287500 672000 845000
34000 25000 72000 81250
380,000 262,500 600,000 763,750 2,666,250

Budget
B C Total
5 5
50000 30000
250000 150000
3 4.2
750,000 630,000 1,732,000

udget
B C
250000 150000
2 2
500,000 300,000 976,000

A B C
643,500 950,000 1,020,000
352,000 750,000 630,000
176,000 500,000 300,000
1,171,500 2,200,000 1,950,000
22000 50000 30000
53 44 65
10000 15000 6000
532,500 660,000 390,000
Sales Budget (Rs.)
B C
50000 30000
50 60
2,500,000 1,800,000

Production Budget (Units)


A B
Expexted Sales 20000 50000
Add:Desired Inventory 10000 15000
30000 65000
Less: Opening Inventory 8000 15000
Units to be Produced 22000 50000

Total Cost of Material Consumed(Product wise)


Total Cost of Material A B C
648000 198000 450000
368000 88000 100000 180000
250000 250000
600000 600000
747500 357500 390000
643500 950000 1020000
Units)
C
30000
6000
36000
6000
30000

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