CleanScene Shampoo Manufacturer is in the business of producing shampoo for colour treated hair. Shampoo is manufacturedand packaged in 500ml bottles.You received a phone call from their financial manager, Mr. Clear Head, earlier this morning. He informed you that their costaccountant, Ms OeLaLa, eloped with her boyfriend to the Caribbean Islands the previous night. Upon her departure, she failedto complete a performance report. Mr. Clear Head is not impressed by her impulsive actions, as this leaves him with more workthan he can possibly handle. He asked if you would be willing to set a performance report for CleanScene ShampooManufacturer.He provided the following information, relating to the budget for the year ended 29 February 2020:DescriptionBudget-25 000 bottlesBudget-40 000 bottlesDirect materialR250 000R400 000Direct labourR625 000R1000 000R187 500R300 000R370 000R520 000R150 000R180 000R1000 000R1000 000R600 000R600 000MaintenanceElectricity costIndirect materialsRental costsIndirect labour wagesActual results for the year ended 29 February 2020 were as follows:DescriptionActual-35 000 bottlesDirect materialDirect labourMaintenanceElectricity costIndirect materialsRental costsIndirect labour wagesR315 000R890 000R245 000R480 000R165 000R1100 000R545 000Required:5.1 Prepare a performance report for CleanScene Shampoo Manufacturer for the year ended 28 February 2020.

Computation of cost per unit Description Budget 25,000 Bottles Budget 40,000 Bottles…

Answered: 5.1 Prepare a performance report for…

Business

Accounting

5.1 Prepare a performance report for CleanScene Shampoo Manufacturer for the year ended 28 February 2020.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

CleanScene Shampoo Manufacturer is in the business of producing shampoo for colour treated hair. Shampoo is manufactured
and packaged in 500ml bottles.
You received a phone call from their financial manager, Mr. Clear Head, earlier this morning. He informed you that their cost
accountant, Ms OeLaLa, eloped with her boyfriend to the Caribbean Islands the previous night. Upon her departure, she failed
to complete a performance report. Mr. Clear Head is not impressed by her impulsive actions, as this leaves him with more work
than he can possibly handle. He asked if you would be willing to set a performance report for CleanScene Shampoo
Manufacturer.
He provided the following information, relating to the budget for the year ended 29 February 2020:
Description
Budget-25 000 bottles
Budget-40 000 bottles
Direct material
R250 000
R400 000
Direct labour
R625 000
R1000 000
R187 500
R300 000
R370 000
R520 000
R150 000
R180 000
R1000 000
R1000 000
R600 000
R600 000
Maintenance
Electricity cost
Indirect materials
Rental costs
Indirect labour wages
Actual results for the year ended 29 February 2020 were as follows:
Description
Actual-35 000 bottles
Direct material
Direct labour
Maintenance
Electricity cost
Indirect materials
Rental costs
Indirect labour wages
R315 000
R890 000
R245 000
R480 000
R165 000
R1100 000
R545 000
Required:
5.1 Prepare a performance report for CleanScene Shampoo Manufacturer for the year ended 28 February 2020.

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5