(a) Prepare the flexed budget to show the budgeted profit for the month of July. Y Limited produces one product.Budgeted units produced and sold for the month of July were 1000.Further budgeted information for July was also available.$Sales250 000Direct material ($12 per kilo)(60 000)(100 000)Direct labour ($25 per labour hour)Fixed overhead(24 000)Budgeted profit66 000Fixed overhead is to be absorbed on the basis of direct labour hours.The actual units produced and sold for July were 1120.

Name: (a) Prepare the flexed budget to show the budgeted profit for the mon
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Description: (a) Prepare the flexed budget to show the budgeted profit for the month of July. Y Limited produces one product.Budgeted units produced and sold for the month of July were 1000.Further budgeted information for July was also available.$Sales250 000Di

1.BUDGETED SALE= $250000/1000 * 1120= $280000 2. DIRECT MATERIAL (IN KG)= $60000/$12=5000 KG 3.…

Business

Accounting

Y Limited produces one product. Budgeted units produced and sold for the month of July were 1000. Further budgeted information for July was also available. $ 250000 Sales Direct material ($12 per kilo) Direct labour ($25 per labour hour) Fixed overhead Budgeted profit (60 000) (100 000) (24 000) 66 000 Fixed overhead is to be absorbed on the basis of direct labour hours. The actual units produced and sold for July were 1120.

Y Limited produces one product. Budgeted units produced and sold for the month of July were 1000. Further budgeted information for July was also available. $ 250000 Sales Direct material ($12 per kilo) Direct labour ($25 per labour hour) Fixed overhead Budgeted profit (60 000) (100 000) (24 000) 66 000 Fixed overhead is to be absorbed on the basis of direct labour hours. The actual units produced and sold for July were 1120.

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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