Prepare budget schedules for june

Assignment Help Managerial Accounting

Reference no: EM132216548

Question 1

a) Discuss the role of management accounting in the management process?

b) Describe the decision making process

c) The following information is available for XYZ Company

	period
	1	2	3	4	5
Units sold (000)	150	150	180	150	140	160
Units produced (000)	150	120	150	150	170	140

Budgeted activity is expected to average 150,000 units per period and there is no opening stock for period 1. Unit selling price is Ksh 10, Unit variable cost is Ksh 6, fixed costs per period is Ksh 300,000 while non manufacturing overheads are 100,000 per period.

Required:
Prepare a profit and loss statement based on variable and absorption costing 10mks d) KPLC plans inventory levels (at cost) at the end of each month as follows: May, $275,000; June. $220,000; July, $270,000 and August, 240,000. Sales are expected to be June, $440,000: July, $350,000; August, $420,000. Cost of goods sold is 60% of sales. Purchases in April were S250,000; Mav $180,000. Payments for each month's purchases are made as follows: 10% during that month; 80% the next month and the final 10% the next month. Prepare budget schedules for June, July and August for purchases and for disbursement for purchases

Question 2

A company is considering whether to develop a new product or consolidate existing product. New product development can either be undertaken through thorough development at a cost of Shs.150,000 or through rapid development at a cost of Shs 80,000 while product consolidation can either be achieved through strengthening the products at a cost of shs 30,000 or through reaping the products at no extra cost. The following are the expected outcomes, accompanying probabilities and the projected revenue for of the options.

				Rapid development			Strengthening			Reaping
	development						product			product
Outcome	good	mod	Poor	good	mod	Poor	good	mod	Poor	good	Poor

Reference no: EM132216548

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