Product 1 Product 2 Product 3 Product 4 £ per kg/hour £ £ £ £ Direct materials( per kg) £ 21.60 £ 21.60 £ 13.77 £ 20.25 7 Direct labour (per hour) £ 27.00 £ 21.26 £ 56.70 £ 49.61 21 Direct Expenses £ 2.36 £ 7.09 £ 4.73 £ 11.81 Selling price £ 70.88 £ 87.75 £ 108.00 £ 114.75 Sales Demand 22,050 9,100 6,300 15,050 Rank Product 1 4 Product 2 2 Product 3 Product 4 3 A trainee management accountant has been helping a client with choosing the best products to make by ranking the client's products as above The limiting factor is materials and this is limited to a maximum of 95,000 kgs He is not sure how to calculate and create the optimal production plan. Help the trainee and calculate the number of products that need to be made Product 1 Product 2 Product 3 Product 4 Units Produced Enter your units to the nearest whole number with no commas
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
A trainee
Step by step
Solved in 3 steps
