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Alovise chairs (pty) Ltd manufactures chairs and presented you accountant the management with the following information Sales forecast: Months Number of chairs March  1000  April 1200 May 2000 Ending inventory required: 30% ofthe next months sales. Direct materials required per chair: 3m at N$100/m Direct labour required per chair: 2hrs at N$2Olhour Manufacturing overhead is based on metres of materiar used. The rate is Ng15/m. for the month of April2018 management has requested vour assistance with the following: a) Prepare the direct materials budget b) Prepare the direct labour budget c) Prepare the manufacturing overhead budget

Alovise chairs (pty) Ltd manufactures chairs and presented you accountant the management with the following information Sales forecast: Months Number of chairs March  1000  April 1200 May 2000 Ending inventory required: 30% ofthe next months sales. Direct materials required per chair: 3m at N$100/m Direct labour required per chair: 2hrs at N$2Olhour Manufacturing overhead is based on metres of materiar used. The rate is Ng15/m. for the month of April2018 management has requested vour assistance with the following: a) Prepare the direct materials budget b) Prepare the direct labour budget c) Prepare the manufacturing overhead budget

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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Alovise chairs (pty) Ltd manufactures chairs and presented you accountant the management with the following information

Sales forecast:

Months Number of chairs
March  1000 
April 1200
May 2000

Ending inventory required: 30% ofthe next months sales. Direct materials required per chair: 3m at N$100/m
Direct labour required per chair: 2hrs at N$2Olhour
Manufacturing overhead is based on metres of materiar used. The rate is Ng15/m.

for the month of April2018 management has requested vour assistance with the following:
a) Prepare the direct materials budget
b) Prepare the direct labour budget
c) Prepare the manufacturing overhead budget

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