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Third: Raw materials and Purchases: Quantity needed from material "M": "E" 17 kg. "F" 13 kg. "G" 11 kg. Quantity needed from material "N": "E" 16 "F" 20 kg. "G" 18 kg. The direct hours needed to produce one unit is 18 hours for "E", and 20 hours for "F", and 22 hours for "G". Rate per hour is 5 EGP for three The price of material is 8 EGP for "M" and 11 EGP for "N". Fourth:   Inventory raw materials: Beginning period inventory "M" 600 kg.         "N" 800 kg. Ending period inventory 1600                900 kg.   Fifth: Indirect overhead cost:                       (The numbers are in thousands of pounds) -Heat and water 50,000 EGP involve (60% V). -Machine maintenance 120,000, if you know rate of maintenance = EGP 0.08(Number of labors hours). Wages of service workers 8000 EGP (40%F). Factory oil & gas 5000 EGP (90%V). - Power 40,000 EGP. Depreciation 15500 - Insurance on plants 10700 EGP. -Supervision Cost 13000 EGP. Sixth: Cost of marketing and administration: Advertising 15000 Stationary 9000 Shipping material 14000 Professional fees 6000 Trade Show 21000 Executive compensation 27000 prepare the following  marketing budget  administrative budget

Third: Raw materials and Purchases: Quantity needed from material "M": "E" 17 kg. "F" 13 kg. "G" 11 kg. Quantity needed from material "N": "E" 16 "F" 20 kg. "G" 18 kg. The direct hours needed to produce one unit is 18 hours for "E", and 20 hours for "F", and 22 hours for "G". Rate per hour is 5 EGP for three The price of material is 8 EGP for "M" and 11 EGP for "N". Fourth:   Inventory raw materials: Beginning period inventory "M" 600 kg.         "N" 800 kg. Ending period inventory 1600                900 kg.   Fifth: Indirect overhead cost:                       (The numbers are in thousands of pounds) -Heat and water 50,000 EGP involve (60% V). -Machine maintenance 120,000, if you know rate of maintenance = EGP 0.08(Number of labors hours). Wages of service workers 8000 EGP (40%F). Factory oil & gas 5000 EGP (90%V). - Power 40,000 EGP. Depreciation 15500 - Insurance on plants 10700 EGP. -Supervision Cost 13000 EGP. Sixth: Cost of marketing and administration: Advertising 15000 Stationary 9000 Shipping material 14000 Professional fees 6000 Trade Show 21000 Executive compensation 27000 prepare the following  marketing budget  administrative budget

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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Third: Raw materials and Purchases:

  • Quantity needed from material "M": "E" 17 kg.

"F" 13 kg.

"G" 11 kg.

  • Quantity needed from material "N": "E" 16

"F" 20 kg.

"G" 18 kg.

  • The direct hours needed to produce one unit is 18 hours for "E", and 20 hours for "F", and 22 hours for "G".
  • Rate per hour is 5 EGP for three
  • The price of material is 8 EGP for "M" and 11 EGP for "N".

Fourth:   Inventory raw materials:

  • Beginning period inventory "M" 600 kg.         "N" 800 kg.
  • Ending period inventory 1600                900 kg.

 

Fifth: Indirect overhead cost:                       (The numbers are in thousands of pounds)

-Heat and water 50,000 EGP involve (60% V).

-Machine maintenance 120,000, if you know rate of maintenance = EGP 0.08(Number of labors hours).

  • Wages of service workers 8000 EGP (40%F).
  • Factory oil & gas 5000 EGP (90%V). - Power 40,000 EGP.
  • Depreciation 15500 - Insurance on plants 10700 EGP.

-Supervision Cost 13000 EGP.

Sixth: Cost of marketing and administration:

  • Advertising 15000
  • Stationary 9000
  • Shipping material 14000
  • Professional fees 6000
  • Trade Show 21000
  • Executive compensation 27000

prepare the following 

marketing budget 

administrative budget 

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