The following details apply to an annual budget for a manufacturing company: 1 2nd 60 110...
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The following details apply to an annual budget for a manufacturing company: 1⁰ 2nd 60 110 Quarter Working days Production (units per working day) Raw materials purchases (by weight of annual total) 65 100 30% Rs.1 55 50% Rs.1.05 120 20% Budgeted purchase price (per kg.) Rs.1.125 Quantity of raw materials per unit of production: 2 kg. Budgeted opening stock of raw material- 4,000 kg (cost Rs. 4,000). 105 Budgeted closing stock of raw material: 2.000 kg. Issues are priced on FIFO basis. Calculate the following budgeted figures: a) Quarterly and annual purchases of raw materials, by weight and value. b) Closing quarterly stocks by weight and value. (10) The following details apply to an annual budget for a manufacturing company: 1⁰ 2nd 60 110 Quarter Working days Production (units per working day) Raw materials purchases (by weight of annual total) 65 100 30% Rs.1 55 50% Rs.1.05 120 20% Budgeted purchase price (per kg.) Rs.1.125 Quantity of raw materials per unit of production: 2 kg. Budgeted opening stock of raw material- 4,000 kg (cost Rs. 4,000). 105 Budgeted closing stock of raw material: 2.000 kg. Issues are priced on FIFO basis. Calculate the following budgeted figures: a) Quarterly and annual purchases of raw materials, by weight and value. b) Closing quarterly stocks by weight and value. (10)
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Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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