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Bamaco Printing Co. Ltd., ended with the following Profit and Loss Account during the year 2021: Sales 355,800 Less: Expenses: Raw Materials. Stores Expenses Interest Depreciation 74,200 48,800 204,000 20,000 20,000 367,000 Loss 11,200 The company had been working at 60% of capacity during 2021. Of the expenses of Sh. 204,000, 25% is variable. In 2022, production/sales volume at 80% of capacity is expected to be achieved. Fixed cost is, however, expected to increase by Sh.12,000. Required: Draw the 2022 of budget.

Bamaco Printing Co. Ltd., ended with the following Profit and Loss Account during the year 2021: Sales 355,800 Less: Expenses: Raw Materials. Stores Expenses Interest Depreciation 74,200 48,800 204,000 20,000 20,000 367,000 Loss 11,200 The company had been working at 60% of capacity during 2021. Of the expenses of Sh. 204,000, 25% is variable. In 2022, production/sales volume at 80% of capacity is expected to be achieved. Fixed cost is, however, expected to increase by Sh.12,000. Required: Draw the 2022 of budget.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Bamaco Printing Co. Ltd., ended with the following Profit and Loss Account during the year 2021: Sales 355,800 Less: Expenses: Raw Materials. Stores Expenses Interest Depreciation 74,200 48,800 204,000 20,000 20,000 367,000 Loss 11,200 The company had been working at 60% of capacity during 2021. Of the expenses of Sh. 204,000, 25% is variable. In 2022, production/sales volume at 80% of capacity is expected to be achieved. Fixed cost is, however, expected to increase by Sh.12,000. Required: Draw the 2022 of budget.
Transcribed Image Text:Bamaco Printing Co. Ltd., ended with the following Profit and Loss Account during the year 2021: Sales 355,800 Less: Expenses: Raw Materials. Stores Expenses Interest Depreciation 74,200 48,800 204,000 20,000 20,000 367,000 Loss 11,200 The company had been working at 60% of capacity during 2021. Of the expenses of Sh. 204,000, 25% is variable. In 2022, production/sales volume at 80% of capacity is expected to be achieved. Fixed cost is, however, expected to increase by Sh.12,000. Required: Draw the 2022 of budget.
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