The following information is available from the records of Alpha Ltd. For the year 2019:

You are required to prepare a master budget.

Answer in 1200 words with proper Introduction, Concepts, and Application related to the question and Conclusion.

Transcribed Image Text:

Rs. Sales of product A 25.0 Lakhs Sales of product B 75.0 Lakhs Material cost 55% of sales Direct wages 50,000 per month per worker Factory Overheads: Indirect Labor: Works Manager 10,000.0 per month 5,000.0 per month Foreman Stores and spares Depreciation of machinery Light and power 5.0% of sales 150,000.0 100,000.0 Repairs and maintenance 150,000.0 Other expenses 15% of direct wages Administration expenses 200,000.0 per annum Rs. Sales of product A 25.0 Lakhs Sales of product B 75.0 Lakhs Material cost 55% of sales Direct wages 50,000 per month per worker Factory Overheads: Indirect Labor: Works Manager 10,000.0 per month 5,000.0 per month Foreman Stores and spares Depreciation of machinery Light and power 5.0% of sales 150,000.0 100,000.0 Repairs and maintenance 150,000.0 Other expenses 15% of direct wages Administration expenses 200,000.0 per annum

Answer rating: 100% (QA)

Introduction and concept A budget is financial planning for a future tim... View the full answer