REQUIRED Use the information provided below to calculate the expected production cost for November 2023. INFORMATION Malvern Limited manufactures Product Mac. An estimate of the number of units to be sold during November and December 2023 is given below: November 3 000 December 3 800 It is anticipated that: 1. There will be no work-in-process at the end of any month. 2. Finished units equal to 40% of the expected sales of the following month will be in inventory at the end of each month The budgeted production and production costs for the year ending 31 December 2023 are as follows: 36 000 units Production Direct materials cost per unit R50 Direct labour cost per unit Other manufacturing costs R30 R216 000

REQUIRED Use the information provided below to calculate the expected production cost for November 2023. INFORMATION Malvern Limited manufactures Product Mac. An estimate of the number of units to be sold during November and December 2023 is given below: November 3 000 December 3 800 It is anticipated that: 1. There will be no work-in-process at the end of any month. 2. Finished units equal to 40% of the expected sales of the following month will be in inventory at the end of each month The budgeted production and production costs for the year ending 31 December 2023 are as follows: 36 000 units Production Direct materials cost per unit R50 Direct labour cost per unit Other manufacturing costs R30 R216 000

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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