Argent Industrial Limited has the following forecast (in units) for the next four months: January 60...

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Argent Industrial Limited has the following forecast (in units) for the next four months: January 60 000 The cost of production per unit is as follows: Direct Material Direct Labour Manufacturing overheads REQUIRED F February 62 000 The selling price per unit is R110. The policy of the company is to maintain finished goods closing inventory at 50% of the next month's sales. March 68 000 R 30 25 15 R70 April 70 000 Compile a production schedule (units) for February and March. Calculate the cost of goods manufactured budget for February and March. Argent Industrial Limited has the following forecast (in units) for the next four months: January 60 000 The cost of production per unit is as follows: Direct Material Direct Labour Manufacturing overheads REQUIRED F February 62 000 The selling price per unit is R110. The policy of the company is to maintain finished goods closing inventory at 50% of the next month's sales. March 68 000 R 30 25 15 R70 April 70 000 Compile a production schedule (units) for February and March. Calculate the cost of goods manufactured budget for February and March.

Answer rating: 100% (QA)

SOLUTION To compile the production schedule and calculate the cost of goods manufactured budget for ... View the full answer