A manufacturing company requires you to calculate and present the master budget for the next year 2011 from the following information:
|
Sales |
– Rs. 16,00,000. |
|
Direct-material cost |
– 60% of sales. |
|
Direct wages |
– 20 workers @ Rs. 300 p.m. |
Factory overheads:
|
Indirect labour: Works Manager |
– Rs. 1,000 p.m. |
|
Foreman |
– Rs. 800 p.m. |
|
Stores & Spares |
– 2½; % on sales. |
|
Depreciation on machinery |
– Rs. 25,200. |
|
Light & Power |
– Rs. 10,000. |
|
Other sundries |
– 10% on direct wages. |
|
Administration & Selling |
– Rs. 28,000 per year. |
|
Repairs & Maintenance |
– Rs. 16,000. |