Roxaline Limited makes the following forecast for the financial year ending 31st December, 2014.Material and labor...

    

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Roxaline Limited makes the following forecast for the financial year ending 31st December, 2014.Material and labor cost should be quoted in the Ghana Cedis (C) ESTIMATED SALES UNITS PRICE OM 22,000 150 DOM 40,000 160 KROM 30,000 220 RAW MATERIAL STOCK ON HAND FINISH PRODUCT PRIC E 10 DIRECT LABOR Finish Product OM DOM KROM OPENIN G 6,000 15,000 8,000 STOCK IN HANDS OPENING 8,000 10,000 9,000 CLOSING 11,000 22,000 8,000 MIX OF FINISH PRODUCT CLOSING OM DOM KROM 5,000 12,000 3 13,000 6 NUMBER OF HOURS WORKED/PER RATE Hours Rate 3 4.5 9.5 Additional information: Budgeted manufacturing overhead amounts to €2,362,000.Overheads are allocated to production on the basis of labor cost. You are required to draft the following for the year ended 31" December, 2014. a. Sales budget b. Production budget c. Direct material usage budget d. Direct material purchase budget e. Direct labor budget f. Manufacturing Overhead budget g. Cost of good sold budget Roxaline Limited makes the following forecast for the financial year ending 31st December, 2014.Material and labor cost should be quoted in the Ghana Cedis (C) ESTIMATED SALES UNITS PRICE OM 22,000 150 DOM 40,000 160 KROM 30,000 220 RAW MATERIAL STOCK ON HAND FINISH PRODUCT PRIC E 10 DIRECT LABOR Finish Product OM DOM KROM OPENIN G 6,000 15,000 8,000 STOCK IN HANDS OPENING 8,000 10,000 9,000 CLOSING 11,000 22,000 8,000 MIX OF FINISH PRODUCT CLOSING OM DOM KROM 5,000 12,000 3 13,000 6 NUMBER OF HOURS WORKED/PER RATE Hours Rate 3 4.5 9.5 Additional information: Budgeted manufacturing overhead amounts to €2,362,000.Overheads are allocated to production on the basis of labor cost. You are required to draft the following for the year ended 31" December, 2014. a. Sales budget b. Production budget c. Direct material usage budget d. Direct material purchase budget e. Direct labor budget f. Manufacturing Overhead budget g. Cost of good sold budget

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SOLUTION To draft the budgets for Roxaline Limited for the year ending December 31 2014 we will need ... View the full answer