A company requires to calculate and present the budget for the next year from the following data:
|
Sales |
21,00,000. |
|
Direct-material cost |
40% of sales. |
|
Direct wages of 10 workers at |
Rs. 600 per month. |
|
Factory overheads: |
|
|
Indirect labour: |
|
|
Works manager |
Rs. 2,100 p.m. |
|
Foreman |
Rs. 600 p.m. |
|
Stores & Spares |
3% on sales. |
|
Depreciation on machinery |
Rs. 30,000. |
|
Light & Power |
Rs. 6,000. |
|
Other sundries |
10% on direct wages. |
|
Administration, selling and |
Rs. 42,000 per year. distribution |
|
Repairs & Maintenance |
Rs. 21,000. |