Consider the following budgeted figures: Sales £450,000 Opening inventory £20,000 Closing inventory £30,000 Raw materials £120,000 Direct labour £130,000 Production overhead £120,000 Administration £45,000 What is the budgeted operating profit for the period?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Consider the following budgeted figures:

Sales £450,000

Opening inventory £20,000

Closing inventory £30,000

Raw materials £120,000

Direct labour £130,000

Production overhead £120,000

Administration £45,000

What is the budgeted operating profit for the period?

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