QUESTION 2The Income Statement of Malaysia Milk Sdn Bhd for the months ended 31 July and 31 August2020 are as fpllows:July12,000Aug15,000Sales (units)RMRMSales revenue300,000375,000Less Total CostDirect materials60,00012,00048,00020,0005,0006,0007,00029,00024,000211,00089,000Indirect materialsDirect labourIndirect labour75,00012,00060,00020,000RentDepreciationInspection costsElectricitySupervisors' salaries5,0006,0007,00035,00028,500248,500126,500Profit/LossREQUIRED:(a) Prepare a budget in the same format for the month ended 30 September 2020 assumingthat the factory will manufacture and sell 16,000 units during the month.

Budget means the expected value of future. Budget is not affected by the actual value as it is…

QUESTION 2 The Income Statement of Malaysia Milk Sda Bhd for the months ended 31 July and 31 August 2020 are asfpllows: July 12,000 Aug 15,000 Sales (units) RM RM Sales revenue 300,000 375,000 Less Total Cost Direct materials 60,000 12,000 48,000 20,000 5,000 6,000 7,000 29,000 24,000 211,000 89,000 75,000 12,000 60,000 20,000 5,000 6,000 7,000 Indirect materials Direct labour Indirect labour Rent Depreciation Inspection costs Electricity Supervisors' salaries 35,000 28,500 248,500 126,500 Profit/Loss REQUIRED: (a) Prepare a budget in the same format for the month ended 30 September 2020 assuming that the factory will manufacture and sell 16,000 units during the month.

QUESTION 2 The Income Statement of Malaysia Milk Sda Bhd for the months ended 31 July and 31 August 2020 are asfpllows: July 12,000 Aug 15,000 Sales (units) RM RM Sales revenue 300,000 375,000 Less Total Cost Direct materials 60,000 12,000 48,000 20,000 5,000 6,000 7,000 29,000 24,000 211,000 89,000 75,000 12,000 60,000 20,000 5,000 6,000 7,000 Indirect materials Direct labour Indirect labour Rent Depreciation Inspection costs Electricity Supervisors' salaries 35,000 28,500 248,500 126,500 Profit/Loss REQUIRED: (a) Prepare a budget in the same format for the month ended 30 September 2020 assuming that the factory will manufacture and sell 16,000 units during the month.

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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