production/direct labour & overhead budget in question re:medico limited for Jan 2021
why did you stop your calculation at total budgeted production needs in the production budget?
my reason for asking is because i have calculated opening inventory and required production at the end which is throwing off all my other budgets compared to what you have calculated on the following:
The following information is available to determine the budget requirements of Medico Limited for January 2021: 1. Projected sales of Product Med for January and February 2021: January February 15 000 units at R30 each 12 000 units at R32 each 2. The policy of Medico Limited is to maintain a closing inventory equal to 40% of the budgeted sales of the following month. 3. Two (2) labour hours are required to produce one unit of Product Med and the rate per hour is R10. 4. Overheads are projected at a rate of R3 per direct labour hour. 5. The estimated total production costs per unit (including the costs above) are R40 for January 2021 and R38 for December 2020.
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production/direct labour & overhead budget in question re:medico limited for Jan 2021
INFORMATION The following information is available to determine the budget requirements of Medico Limited for January...
INFORMATION The following information is available to determine the budget requirements of Medico Limited for January 2021: 1. Projected sales of Product Med for January and February 2021: January February 15 000 units at R30 each 12 000 units at R32 each 2. The policy of Medico Limited is to maintain a closing inventory equal to 40% of the budgeted sales of the following month. 3. Two (2) labour hours are required to produce one unit of Product Med and...
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