Sales 34 000 58.000 (Component purchase and usage budget (units and value) Component Component <1 C 2800000 1400000 240000 180 000% 3 200000 Value 1650000 6576000 (i) Direct labour budget (hours and value) Product Assembly Finishing, a 17-500 hours 7000 hours m2 15000 hours 10000 hours 22500 oH Value £16250 02000, ‘Departmental manufacturing overhead recovery rates Seamed wh Canscnnra Vey ‘Standard unit costs for month 9 Material a 8x £125 fe) 4x £180 Labour ‘Assembly 30/60 x £5 Finishing 12/60 x £6 Mifg, overhead Assembly 30/60 x £19 Finishing 12/60 x £12 Manufacturing cost Selling overhead (10% of selling price) Total cost Selling, price Profit (6) Budgeted profit and loss account for month 9 Components cturing overhead, Less closing stock Cost of sales Total cost Sales Net profit (4) The company currently uses ant predetermined overhead rates on a month predetermined overhead rate at sia iy ‘ean wth Cancer