Scribd Logo
Upload

Welcome to Scribd!

  • 132 Saqlain Shaikh

    Uploaded by

    Cemon Fred
    9 views10 pages
    1. The document contains production budgets and flexible budgets for different production levels over 6 months and 1 year. 2. Key details include projected production units, material and labor costs, sales forecasts, and calculations of costs of goods sold and net profit at 100%, 75% and 50% production levels. 3. Production is budgeted at 6,400 units per period at the 100% level, with costs of goods sold of Rs. 176,048 and net profit of Rs. 76,352.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1. The document contains production budgets and flexible budgets for different production levels over 6 months and 1 year. 2. Key details include projected production units, material and labor costs, sales forecasts, and calculations of costs of goods sold and net profit at 100%, 75% and 50% production levels. 3. Production is budgeted at 6,400 units per period at the 100% level, with costs of goods sold of Rs. 176,048 and net profit of Rs. 76,352.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views10 pages

    132 Saqlain Shaikh

    Uploaded by

    Cemon Fred
    1. The document contains production budgets and flexible budgets for different production levels over 6 months and 1 year. 2. Key details include projected production units, material and labor costs, sales forecasts, and calculations of costs of goods sold and net profit at 100%, 75% and 50% production levels. 3. Production is budgeted at 6,400 units per period at the 100% level, with costs of goods sold of Rs. 176,048 and net profit of Rs. 76,352.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    NAME: SAQLAIN SHAIKH

    ROLL NUMBER: 21-S-132


    SUBJECT: MANAGEMENT ACCOUNTING
    Management Acconting Assighnment - Prof. Anita Shanbhag

    Q16.11

    January February March


    Units Rs Units Rs Units Rs
    Sales 6000 14400 6200 14880 7000 16800
    Add: Closin 0 0 0
    Less: Open 4000 8000 0 0

    Purchases 2000 6200 7000


    Stabilized
    purchase
    condition
    Units purc 6393.056 6393.056 6393.06

    Units
    purchase
    d(Rounde
    d to next
    no of
    units) 6394 11509.2 6394 11509.2 6394 11509.2

    Remarks:
    April May June July August
    Units Rs Units Rs Units Rs Units Rs Units Rs
    5550 13320 6600 15840 6000 14400 5000 12000 4400 10560
    0 0 0 0 0
    0 0 0 0 0

    5550 6600 6000 5000 4400

    6393.06 6393.06 6393.06 6393.06 6393.06

    6394 11509.2 6394 11509.2 6394 11509.2 6394 11509.2 6394 11509.2

    Purchase 6394 units per month at a cost of Rs 11,509


    September October November December Total
    Units Rs Units Rs Units Rs Units Rs Units Rs
    6000 14400 7000 16800 7166.667 17200 7800 18720 74716.67 179320
    0 0 0 6000
    0 0 0 0

    6000 7000 7166.667 13800 76716.67

    6393.06 6393.06 6393.06 6393.06

    6394 11509.2 6394 11509.2 6394 11509.2 6394 11509.2 138110.4


    Q16.12

    A) budget showing the number of units to be manufactured each month

    Dec Jan Feb Mar Apr May


    Product X(units)
    Closing sto 250 300 400 500 600 600
    Sales 500 600 800 1000 1200
    Less: Opening stock 250 300 400 500 600
    Production 550 700 900 1100 1200

    Product Y(units)
    Closing sto 700 700 600 500 400 400
    Sales 1400 1400 1200 1000 800
    Less: Opening stock 700 700 600 500 400
    Production 1400 1300 1100 900 800

    B) Summarized production cost budget for the first six months

    X(units) 5650 Y(units) 6350


    Unit cost Total cost Unit cost Total cost
    Direct Mate 12 67800 19 120650
    Direct wag 5 28250 7 44450

    Other
    manufact
    uring
    charges 3 16950 4 25400
    Total 20 113000 30 190500
    June July Total

    600 0
    1200 1200
    600 600
    1200 5650

    450 0
    800 900
    400 450
    850 6350
    Q16.15

    Production cost Budget for Year 2

    Particulars Year 1( Jan- June) Year 2 (Jan-June)


    Budgeted Actual Budgeted
    Per unit Units Total Per unit Units Total Per unit
    Production(units) 20000 18000
    Material c 2000 2000 4000000 2100 1900 3990000 2200
    Labour cost 20 40000 800000 22 36360 799920 22
    Variable o 12 20000 240000 12 18000 216000 14.4
    Fixed overheads 400000 420000

    Total 2032 5440000 2134 5425920 2236.4

    Consump
    tion
    efficiency
    of
    materials(
    Units/MT) 10 9.473684
    Labour
    efficiency(
    units/hr) 0.5 0.49505
    Some units are considered as fractions which may have led to errors due to approximation. Fo
    Remarks: question, rounding off the per unit cost to Rs 299.44 will give budgeted total as Rs 74,86,000
    Year 2 (Jan-June)
    Budgeted
    Units Total
    25000
    2500 5500000
    51010.1 1122222
    25000 360000
    504000

    7486222

    10

    0.490099
    rrors due to approximation. For this
    udgeted total as Rs 74,86,000
    Q16.24

    Flexible budget for different production levels

    Particular
    s/
    Productio
    n 100% 50% 75%
    Level(unit 6400 3200 4800
    s) units units units
    COGS 176048 98368 137208
    Net Profit 76352 26032 51192

    Production level 100%- 6400 units Production level 50%- 3200 units
    Particulars
    Units P.u cost Total cost Total Units P.u cost

    Fixed 20688

    Variable:
    Power 6400 0.225 1440 3200 0.225
    Repairs etc 6400 0.265625 1700 3200 0.265625
    Miscellane 6400 0.084375 540 3200 0.084375
    Direct Mate 6400 7.7 49280 3200 7.7
    Direct labo 6400 16 102400 155360 3200 16

    Total 176048

    Units Price Total Units Price


    Sales 6400 40 256000 3200 40
    Less: COGS 176048
    Gross Profit 79952

    Less:
    Admin,
    Selling &
    distributio
    n
    expenses 3600
    Net Profit 76352
    uction level 50%- 3200 units Production level 75%- 4800 units
    Total cost Total Units P.u cost Total cost Total

    20688 20688

    720 4800 0.225 1080


    850 4800 0.265625 1275
    270 4800 0.084375 405
    24640 4800 7.7 36960
    51200 77680 4800 16 76800 116520

    98368 137208

    Total Units Price Total


    128000 4800 40 192000
    98368 137208
    29632 54792

    3600 3600
    26032 51192

    You might also like