Prepare a revised production budget that will produce

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Reference no: EM132653852

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

                                                   Gimie                      Gros                      Petit
No. of units                                   1000 2000                       800
Selling price per unit                       $14 $25 $ 20
Direct material per unit (litres)    2.5 3.25    4
Direct labor per unit    0.5 1.5 0.6

Direct material costs $2 per litre. Direct labor is paid at $10 per hour.
Fixed expenses are $10:000. C.tries Ltd h. been informed that only 10575 litres of material are available.

Required:

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

Castries Ltd h. been informed that supplies of material are not limiited: but only 3395 direct labor hours are available. All the other information is same as in problem 03.

Question 2: Prepare a revised production budget that will produce the most profit from the available direct labor hours.

Reference no: EM132653852

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