Homework Answers
| i) | Sales Budget | |||||
| Particulars | Q1 | Q2 | Q3 | Q4 | ||
| Budgeted sales | 50000 | 70000 | 90000 | 120000 | ||
| Selling price | $ 10.00 | $ 10.00 | $ 10.00 | $ 10.00 | ||
| Sales | $ 500,000.00 | $ 700,000.00 | $ 900,000.00 | $ 1,200,000.00 | ||
| ii) | Production budget | |||||
| Particulars | Q1 | Q2 | Q3 | Q4 | ||
| Budgeted sales | 50000 | 70000 | 90000 | 120000 | ||
| Add: | Desired ending stock | 10000 | 14000 | 18000 | 24000 | |
| Less: | Opening stock | 7000 | 10000 | 14000 | 18000 | |
| Production Required | 53000 | 74000 | 94000 | 126000 | ||
| iii) | Direct Labor Budget | |||||
| Particulars | Q1 | Q2 | Q3 | Q4 | ||
| Production Required | 53000 | 74000 | 94000 | 126000 | ||
| DLH used per unit | 0.5 | 0.5 | 0.5 | 0.5 | ||
| Total DLH used | 26500 | 37000 | 47000 | 63000 | ||
| DL Cost per hour | $ 3.00 | $ 3.00 | $ 3.00 | $ 3.00 | ||
| Total DL Cost | $ 79,500.00 | $ 111,000.00 | $ 141,000.00 | $ 189,000.00 | ||
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• The payment...
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