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a) Analyze the sales budget (in unit and value). b) Analyze the production budget of the Bobo Co. c) Construct a material usage and purchases budget of the Bobo Co

a) Analyze the sales budget (in unit and value). b) Analyze the production budget of the Bobo Co. c) Construct a material usage and purchases budget of the Bobo Co

FINANCIAL ACCOUNTING
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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a) Analyze the sales budget (in unit and value). b) Analyze the production budget of the Bobo Co. c) Construct a material usage and purchases budget of the Bobo Co.
Bobo Co. manufactures two products, namely Product Acu and Product Boo. The following information is for the year 2013: Product Acu Product Boo Finished goods: Estimated Sales Perlis 10,000 units 20,000 units Kedah 30,000 units 50,000 units Price Per Unit RM 12.00 RM 20.00 4,000 units 7,000 units Expected Closing Stock Opening Stock 2,000 units 3,500 units Material X Material Y Raw Material: Opening Stock 10,000 units 15,000 units 20,000 units 30,000 units Expected Closing Stock Cost Per Unit RM 1.00 RM 2.00 Additional information: Each unit of Product Acu required 2 units of Material X and 1 unit of Material Y. Each unit of Product Boo required 2 units of Material X and 2 units of Material Y. Each unit of Product Acu required 1 hour to produce this product. Each unit of Product Boo required 2 hours to produce this product. The company pays the direct labour at the rate of RM1.50 per hour.
Transcribed Image Text:Bobo Co. manufactures two products, namely Product Acu and Product Boo. The following information is for the year 2013: Product Acu Product Boo Finished goods: Estimated Sales Perlis 10,000 units 20,000 units Kedah 30,000 units 50,000 units Price Per Unit RM 12.00 RM 20.00 4,000 units 7,000 units Expected Closing Stock Opening Stock 2,000 units 3,500 units Material X Material Y Raw Material: Opening Stock 10,000 units 15,000 units 20,000 units 30,000 units Expected Closing Stock Cost Per Unit RM 1.00 RM 2.00 Additional information: Each unit of Product Acu required 2 units of Material X and 1 unit of Material Y. Each unit of Product Boo required 2 units of Material X and 2 units of Material Y. Each unit of Product Acu required 1 hour to produce this product. Each unit of Product Boo required 2 hours to produce this product. The company pays the direct labour at the rate of RM1.50 per hour.
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