From the following information, prepare the following Budgets for the year 2009: (a) Production Budget; (b) Material usage Budget; and (c) Material purchase Budget.
|
Product (units) |
|||
|
Sales |
P |
Q |
R |
|
10,000 |
20,000 |
15,000 |
|
|
Finished Stock on I January 2009 |
2,000 |
6,000 |
5,000 |
|
Finished Stock on 31 December 2009 |
7,000 |
1,000 |
10,000 |
|
Matenals used in Production |
|||
|
S1 |
S2 |
S3 |
|
|
Stock of Materials on 1 January 2009 (kg) |
20,000 |
50,000 |
20,000 |
|
Stock of Materials on 31 December 2009 (kg) |
60,000 |
35,000 |
55,000 |
|
Quantities used in (kg): |
|||
|
Product P |
3 |
||
|
Product Q |
7 |
8 |
4 |
|
Product R |
3 |
6 |
9 |
|
Rate of Matenals per kg (Rs.) |
5 |
4 |
6 |