How to prepare budget for production units

Assignment Help Cost Accounting
Reference no: EM132583069

The Expenses for the budget production of 10,000 units in a factory are furnished below:

Material- Rs 70/unit

Labour - Rs 25/unit

Variable overheads -Rs 20 /unit

Fixed Overheads ( Rs 1,00,000) -Rs 10/unit

Variable Expenses(Direct)-Rs 5/unit

Selling expenses ( 10% Fixed) -Rs 13/unit

Distribution expenses (20 % Fixed)-Rs 7/unit

Administration Expenses (Rs 50,000)-Rs 5/unit

Total cost

per unit ( to make ,to sell )- Rs 155/unit

Question 1: Prepare budget for production of 8000 units and 6,000 units ( indicate cost per unit at both the levels) Assume that administration expenses are fixed for all the levels of production

 

Reference no: EM132583069

Questions Cloud

Does full moon and new moon look the same : I think I have a pretty good understanding of the phases of the moon and what they look like.
What is the tension t1 in the right wire : A 14kg lamp is supported between two vertical poles by two wires attached as shown to the right. What is the tension T1 in the right wire?
Distance from the surface of the earth increases : As the distance from the surface of the Earth increases, the force of gravity
Describe the four major world religions : Describe the four major world religions. What are the impacts of each religion type on an economic environment?
How to prepare budget for production units : Prepare budget for production of 8000 units and 6,000 units ( indicate cost per unit at both the levels) Assume that administration expenses
Adiabatic isenthalpic turbine : Find the power delivered by an adiabatic isenthalpic turbine in which the mass flow rate is 5 Kg/s
Ball hit the ground below at the same : Does the ball hit the ground below at the same or different speeds in each case? Explain.
Prepare a business plan of Poultry Farming : You are assigned to prepare a business plan of a small / family business of your choice. A business plan always helps us to examine a current market
Describe what elements are most valuable to your learning : Describe what elements are most valuable to your learning in this course such as reading the textbook, listening to lectures, discussions, writing papers, etc

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd