Solution-Prepare a budget that will be useful for

Prepare a budget that will be useful for management control

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Reference no: EM132833335

Problem - The budgeted and actual results of Crown Oil Co, a downstream oil and gas company in Midtown, for September 20X0 were as follows. The company uses a marginal costing system. There were no opening or closing stocks.

	Fixed budget		Actual
Sales and production	1000 Million Litres		700 Million Litres
	AED' million	AED' million	AED' million	AED' million
Sales		30,000		21,200
Cost of sales
Manpower	9,000		9,200
Catalyst	2,000		1,900
Power and fuel	2,000		1,500
G&A	1,000		1,200
Repairs and maintenance	3,000		2,400
Feedstock	12,000		9,200
Profit/(loss)		1,000		(4,200)

Required - Prepare a budget that will be useful for management control purposes.

Reference no: EM132833335

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Prepare a budget that will be useful for management control

Reference no: EM132833335

Reference no: EM132833335

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