3.1 REQUIRED Study the information given below and prepare the following for August and September 2024: 3.1.1 Production Budget 3.1.2 Cost of Sales Budget INFORMATION (6 Marks) (6 Marks) Pandu Limited produces components for the motor industry. The sales budget for three months of 2024 shows the following projections: Month August September October Units 90 000 100 000 120 000 Additional information ■The desired quantity of finished goods inventory at the end of each month equals 30% of the next month's budgeted units sales. ■ The first-in-first-out method is used to value inventories. Manufacturing costs per unit from July to September 2024 were estimated as follows: Cost Direct materials Direct labour Overheads July August September R10 R11 R12 R8 R8 R8 R4 R5 R5
3.1 REQUIRED Study the information given below and prepare the following for August and September 2024: 3.1.1 Production Budget 3.1.2 Cost of Sales Budget INFORMATION (6 Marks) (6 Marks) Pandu Limited produces components for the motor industry. The sales budget for three months of 2024 shows the following projections: Month August September October Units 90 000 100 000 120 000 Additional information ■The desired quantity of finished goods inventory at the end of each month equals 30% of the next month's budgeted units sales. ■ The first-in-first-out method is used to value inventories. Manufacturing costs per unit from July to September 2024 were estimated as follows: Cost Direct materials Direct labour Overheads July August September R10 R11 R12 R8 R8 R8 R4 R5 R5
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:3.1
REQUIRED
Study the information given below and prepare the following for August and September 2024:
3.1.1
Production Budget
3.1.2 Cost of Sales Budget
INFORMATION
(6 Marks)
(6 Marks)
Pandu Limited produces components for the motor industry. The sales budget for three months of 2024
shows the following projections:
Month
August
September
October
Units
90 000
100 000
120 000
Additional information
■The desired quantity of finished goods inventory at the end of each month equals 30% of the next month's
budgeted units sales.
■ The first-in-first-out method is used to value inventories.
Manufacturing costs per unit from July to September 2024 were estimated as follows:
Cost
Direct materials
Direct labour
Overheads
July
August
September
R10
R11
R12
R8
R8
R8
R4
R5
R5
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