Yummy Drink (Pty) Ltd is a manufacturer of ginger beer. The supplies are bought once a...

 

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Yummy Drink (Pty) Ltd is a manufacturer of ginger beer. The supplies are bought once a month at the beginning of the month and a batch of 6 500 litres is produced per month. A special yeast is imported from Germany. The balance of the ingredients are bought locally. The costs for the month of April 2020 are as follows: German supplier invoice Import duties Storage costs due to admin error Insurance and air freight Local transport to factory Forex loss on payment to supplier Local raw materials Labour costs factory 1,879 at an exchange rate of 1-R15.25 R 8,576 R 2,523 (including VAT at 15%) R 6,331 (including VAT at 15%) R 4,342 (excluding VAT at 15%) R 2,930 R 21,079 (including VAT at 15%) R 29,075 per month Labour costs admin R 14.171 per month Production supervisor salary R 20,746 per month R 13,249 per month (excluding VAT at 15%) Factory overheads Storage costs as part of the process R 4,807 per month (including VAT at 15%) Administration costs R 18.985 per month (including VAT at 15%) Calculate the total cost for all the raw materials to produce 6500 litres of ginger beer for the month of April 2020. Yummy Drink (Pty) Ltd is a manufacturer of ginger beer. The supplies are bought once a month at the beginning of the month and a batch of 6 500 litres is produced per month. A special yeast is imported from Germany. The balance of the ingredients are bought locally. The costs for the month of April 2020 are as follows: German supplier invoice Import duties Storage costs due to admin error Insurance and air freight Local transport to factory Forex loss on payment to supplier Local raw materials Labour costs factory 1,879 at an exchange rate of 1-R15.25 R 8,576 R 2,523 (including VAT at 15%) R 6,331 (including VAT at 15%) R 4,342 (excluding VAT at 15%) R 2,930 R 21,079 (including VAT at 15%) R 29,075 per month Labour costs admin R 14.171 per month Production supervisor salary R 20,746 per month R 13,249 per month (excluding VAT at 15%) Factory overheads Storage costs as part of the process R 4,807 per month (including VAT at 15%) Administration costs R 18.985 per month (including VAT at 15%) Calculate the total cost for all the raw materials to produce 6500 litres of ginger beer for the month of April 2020.