Make revised budget that will produce the most profit

Assignment Help Managerial Accounting

Reference no: EM132653857

Castries Ltd makes three products: Gimie: Gros and Petit. The budgeted production for three months is as follows:

No. of units

Gimie (1000), Gros (2000), Petit(800)
Selling price per unit
Gimie ($14),Gros ($25),Petit ($20)
Direct material per unit (litres)
Gimie (2.5),Gros (3.25), Petit (4)
Direct labor per unit
Gimie (0.5),Gros (3.25),Petit (0.6)
Direct material costs $2 per litre. Direct labor is paid at $10 per hour.

Fixed expenses are $10:000 Castries Ltd has been informed that only 10575 litres of material are available.

Required:

Question 1: revised budget that will produce the most profit from the available materials.

Question 2: Castries Ltd h. been informed that supplies of material are not limiited: but only 3395 direct labor hours are available.

Required: revised production budget that will produce the most profit from the available direct labor hours.

Reference no: EM132653857

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