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22-1A Part 1
Note: All the parts of the question are related with each other. Solution of one part is used as a base for solving other Parts of the question. As happen in part 3 and part 4.
Introduction:
Production budget represents the quantities to be produced in the specified period. This budget defined in quantities however one more column can be add to represent amount i.e. at what amount quantities to be produced.
To Determine:
Quantities to be produced in Quarter 3
22-1A Part 2
Introduction:
Direct material is the material to be used in manufacturing finished product. Direct material budget represent the quantities of direct material to be used in manufacturing finished product along with cost of purchasing direct material.
To Determine:
Direct material quantities to be used in producing finished product in Quarter 3
22-1A Part 3
Introduction:
Direct labor budget represent the nos. of labor hours required to produced required nos. of finished product along with total labor cost represented by currency.
To Determine:
Direct labor hours required for producing finished product in Quarter 3 along with labour cost in $.
22-1A Part 4
Introduction:
Factory
To Determine:
Budgeted Factory overheads in Quarter 3
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