please dear expert need true help and show all work with steps answer in text Required: For each quarter, calculate the: Sales budget.                                                                                                    Production budget.                                                                                           Direct labour budget.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question

please dear expert need true help and show all work with steps answer in text

Required:

  1. For each quarter, calculate the:
    1. Sales budget.                                                                                                   
    2. Production budget.                                                                                          
    3. Direct labour budget.                                                                                       

 

Use the information below to answer questions that follow:
Boko (Pty) Ltd has the following information in their books, which they want to use for planning purposes.
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Budgeted Sales in units
Desired ending inventory of
finished goods
Opening inventory of finished
goods
Direct labour hour used per unit
Selling Price
Direct labour cost per hour
50,000
10,000
7,000
0.5
10
3
70,000
14,000
10,000
0.5
10
3
90,000
18,000
14,000
0.5
10
3
120,000
24,000
18,000
0.5
10
3
Transcribed Image Text:Use the information below to answer questions that follow: Boko (Pty) Ltd has the following information in their books, which they want to use for planning purposes. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Budgeted Sales in units Desired ending inventory of finished goods Opening inventory of finished goods Direct labour hour used per unit Selling Price Direct labour cost per hour 50,000 10,000 7,000 0.5 10 3 70,000 14,000 10,000 0.5 10 3 90,000 18,000 14,000 0.5 10 3 120,000 24,000 18,000 0.5 10 3
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education