You are working as a non-financial manager in the Production Unit of company DEE. Company DEE manufactures
Question:
You are working as a non-financial manager in the Production Unit of company DEE. Company DEE manufactures plastic cutlery out of raw material and sells to wholesalers across SA. The budget is:
Description: Amount:
Budget Sales R650.000
Less, direct cost:
Cost of materials R210.000
Direct labor R165.000
Indirect costs R105.000
Other general overheads R50.000
Net Budget Profit: R120.000
You are required to develop a computer-based income and balance statement. The income and balance sheet must have the necessary notes and disclosures. Adjust the figures in terms of the following: Income out of direct sales - R800 000.00; Income out of after-sales, customer services - R150 000.00; Owners Equity - R250 000.00
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman