Question 3 [Soalan 3] (a) Beyond Company has put together the following data in order to...
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Question 3 [Soalan 3] (a) Beyond Company has put together the following data in order to complete their operating budget for the second quarter in 2011: [Berikut adalah data-data Syarikat Beyond bagi tujuan bajet operasi fasa kedua suku tahun 2011:] Sales (units) Additional information: [Maklumat tambahan:] April 73,200 May 68,900 June 65,400 July 67,300 Sales price per unit is RM60. Company policy requires 60 % of next month's sales (in units) be in ending inventory. This policy was met in March. 2 kilogram of materials is required for each unit produced. Each kilogram of material costs RM5. Inventory levels for materials equal 40 percent of the needs for the next month. Desired ending inventory for June is 78,600 of material. Beginning inventory for April was 84,744 kilogram of material. 2.5 hours of direct labor is needed to produce one unit of production. The average wage cost is RM14. Variable overhead rate is RM6 per direct labor hour and fixed overhead is RM15,000 per month. [Harga jualan seunit adalah RM60. Dasar syarikat memerlukan inventori akhir sebanyak 60% daripada jualan (dalam unit) bulan hadapan. Polisi ini berlaku di dalam bulan Mac. 2 kilogram bahan mentah diperlukan bagi setiap unit pengeluaran. Harga bagi setiap kilogram bahan mentah adalah RM5. Bagi bulan Jun, inventori akhir diperlukan adalah 78,600. Inventori awal bahan mentah adalah 84,744 kilogram. Tempoh yang diperlukan untuk buruh langsung bagi pengeluaran satu unit produk adalah selama 2.5 jam. Kos upah purata adalah sebanyak RM14. Kadar overhead berubah adalah RM6 per buruh langsung dan kadar overhead tetap adalah RM15,000 sebulan.] Required: i. Prepare a sales budget for April, May, June and the quarter in total. [Sediakan bajet jualan bagi bulan April, Mei, Jun dan suku tahun secara keseluruhan.] (2 Marks/Markah) ii. Prepare a production budget for April, May, June and the quarter in total. [Sediakan bajet pengeluaran bagi bulan April, Mei, Jun dan suku tahun secara keseluruhan.] (3 Marks / Markah) iii. Prepare a direct materials purchases budget in kilogram and ringgit for April, May, June and the quarter in total. [Sediakan bajet bahan langsung dalam kilogram dan ringgit bagi bulan April, Mei, Jun dan suku tahun secara keseluruhan.] (4 Marks/Markah) iv. Prepare a direct labor budget for April, May, June and the quarter in total. [Sediakan bajet buruh langsung bagi bulan April, Mei, Jun dan suku tahun secara keseluruhan.] (2 Marks / Markah) v. Prepare an overhead budget for April, May, June and the quarter in total. [Sediakan bajet overhed bagi bulan April, Mei,Jun dan suku tahun secara keseluruhan.] (4 Marks/Markah) (b) (c) -6- Does a not-for-profit agency need to budget? Justify your answer. [Adakah perlu bagi sesebuah organisasi yang bukan menjurus kepada keuntungan memerlukan penyediaan bajet? Justifikasikan jawapan anda.] (2 Marks/Markah) Discuss some problems with participative budgeting. [Bincangkan masalah-masalah yang dihadapi di dalam belanjawan penyertaan] (3 Marks / Markah) Question 3 [Soalan 3] (a) Beyond Company has put together the following data in order to complete their operating budget for the second quarter in 2011: [Berikut adalah data-data Syarikat Beyond bagi tujuan bajet operasi fasa kedua suku tahun 2011:] Sales (units) Additional information: [Maklumat tambahan:] April 73,200 May 68,900 June 65,400 July 67,300 Sales price per unit is RM60. Company policy requires 60 % of next month's sales (in units) be in ending inventory. This policy was met in March. 2 kilogram of materials is required for each unit produced. Each kilogram of material costs RM5. Inventory levels for materials equal 40 percent of the needs for the next month. Desired ending inventory for June is 78,600 of material. Beginning inventory for April was 84,744 kilogram of material. 2.5 hours of direct labor is needed to produce one unit of production. The average wage cost is RM14. Variable overhead rate is RM6 per direct labor hour and fixed overhead is RM15,000 per month. [Harga jualan seunit adalah RM60. Dasar syarikat memerlukan inventori akhir sebanyak 60% daripada jualan (dalam unit) bulan hadapan. Polisi ini berlaku di dalam bulan Mac. 2 kilogram bahan mentah diperlukan bagi setiap unit pengeluaran. Harga bagi setiap kilogram bahan mentah adalah RM5. Bagi bulan Jun, inventori akhir diperlukan adalah 78,600. Inventori awal bahan mentah adalah 84,744 kilogram. Tempoh yang diperlukan untuk buruh langsung bagi pengeluaran satu unit produk adalah selama 2.5 jam. Kos upah purata adalah sebanyak RM14. Kadar overhead berubah adalah RM6 per buruh langsung dan kadar overhead tetap adalah RM15,000 sebulan.] Required: i. Prepare a sales budget for April, May, June and the quarter in total. [Sediakan bajet jualan bagi bulan April, Mei, Jun dan suku tahun secara keseluruhan.] (2 Marks/Markah) ii. Prepare a production budget for April, May, June and the quarter in total. [Sediakan bajet pengeluaran bagi bulan April, Mei, Jun dan suku tahun secara keseluruhan.] (3 Marks / Markah) iii. Prepare a direct materials purchases budget in kilogram and ringgit for April, May, June and the quarter in total. [Sediakan bajet bahan langsung dalam kilogram dan ringgit bagi bulan April, Mei, Jun dan suku tahun secara keseluruhan.] (4 Marks/Markah) iv. Prepare a direct labor budget for April, May, June and the quarter in total. [Sediakan bajet buruh langsung bagi bulan April, Mei, Jun dan suku tahun secara keseluruhan.] (2 Marks / Markah) v. Prepare an overhead budget for April, May, June and the quarter in total. [Sediakan bajet overhed bagi bulan April, Mei,Jun dan suku tahun secara keseluruhan.] (4 Marks/Markah) (b) (c) -6- Does a not-for-profit agency need to budget? Justify your answer. [Adakah perlu bagi sesebuah organisasi yang bukan menjurus kepada keuntungan memerlukan penyediaan bajet? Justifikasikan jawapan anda.] (2 Marks/Markah) Discuss some problems with participative budgeting. [Bincangkan masalah-masalah yang dihadapi di dalam belanjawan penyertaan] (3 Marks / Markah)
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The detailed answer for the above question is provided below i Sales Budget for April May June and the quarter in total April 73200 units x RM60 RM439... View the full answer
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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