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Loxn Sdn Bhd produced and sells three types of products namely BAX, DAX and FAX. The company is in the midst of preparing a budget for the January 2022. Opening stock Budgeted sales Selling Price (RM) 20 BAX DAX 83 120 38 120 208 FAX 230 51 All three products are made using Material A. Material B. Labout Grade C and Labour Grade D. The quantities are as follows: Material A Material B Labour C7 Labour DT hour hour BAX DAX 5 FAX Cost (RM) RM7 per square feet RM4 per hour Rm12 per meter 142 meters RM6 per hour Opening 85 square feet stock Inventory policy: Closing inventory of finished goods - 30 per cent of the current sales demand. Closing inventory of materials - 45 per cent of the current materials usage Required: Prepare the followwing budgets for each quarter for LoxR Sah Bhd a Sales budget 6 Production budget in units. C Raw material purchases budget in kgs and value for Material A

Loxn Sdn Bhd produced and sells three types of products namely BAX, DAX and FAX. The company is in the midst of preparing a budget for the January 2022. Opening stock Budgeted sales Selling Price (RM) 20 BAX DAX 83 120 38 120 208 FAX 230 51 All three products are made using Material A. Material B. Labout Grade C and Labour Grade D. The quantities are as follows: Material A Material B Labour C7 Labour DT hour hour BAX DAX 5 FAX Cost (RM) RM7 per square feet RM4 per hour Rm12 per meter 142 meters RM6 per hour Opening 85 square feet stock Inventory policy: Closing inventory of finished goods - 30 per cent of the current sales demand. Closing inventory of materials - 45 per cent of the current materials usage Required: Prepare the followwing budgets for each quarter for LoxR Sah Bhd a Sales budget 6 Production budget in units. C Raw material purchases budget in kgs and value for Material A

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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LoxR Sda Bhd produced and sells three types of products namely BAX, DAX and FAX. The company is in the midst of preparing a budget for the January 2022. Opening stock Budgeted sales Selling Price (RM) BAX 63 290 120 DAX 35 120 208 FAX 230 51 All three products are made using Material A. Material B, Labour Grade C and Lakout Grade D. The quantities are as follows: Material A Material B Labour C7 Labour D7 hour hour BAX 4 2 DAX FAX Cost (RM) Rm12 per meter RM7 per square feet RM4 per hour RM6 per hour Opening 142 meters 85 square feet stock Inventory policy: Closing inventory of finished goods - 30 per cent of the current sales demand. Closing inventory of materials - 45 per cent of the current materials usage. Required: Prepare the following budgets for each quarter for Loxe. Salo Shd: a Sales budget. Production budget in units. Raw material purchases budget in kgs and value for Material A. Raw material purchases budget in kgs and value for Material B. Direct labour budget for Labour Grade C in hours and RM. Direct labour budget for Lakour Grade Din hours and RM. b. C. e.
Transcribed Image Text:LoxR Sda Bhd produced and sells three types of products namely BAX, DAX and FAX. The company is in the midst of preparing a budget for the January 2022. Opening stock Budgeted sales Selling Price (RM) BAX 63 290 120 DAX 35 120 208 FAX 230 51 All three products are made using Material A. Material B, Labour Grade C and Lakout Grade D. The quantities are as follows: Material A Material B Labour C7 Labour D7 hour hour BAX 4 2 DAX FAX Cost (RM) Rm12 per meter RM7 per square feet RM4 per hour RM6 per hour Opening 142 meters 85 square feet stock Inventory policy: Closing inventory of finished goods - 30 per cent of the current sales demand. Closing inventory of materials - 45 per cent of the current materials usage. Required: Prepare the following budgets for each quarter for Loxe. Salo Shd: a Sales budget. Production budget in units. Raw material purchases budget in kgs and value for Material A. Raw material purchases budget in kgs and value for Material B. Direct labour budget for Labour Grade C in hours and RM. Direct labour budget for Lakour Grade Din hours and RM. b. C. e.
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