Reference no: EM132847611
Question - Information pertaining to a company sales of last six months of 2019 and of only sales for January 2020 is as follows
(i) The units to be sold in different months are: July: 2,200 , August: 2,200, September: 3,400, October: 4,000 , November: 4,800, December: 4,800 ,January 2020: 4,000
(ii) There will be no work-in-progress at the end of any month.
(iii) Finished units equal to half the sales for the next month will be in stock at the end of every month ( including June 2019)
(iv) Budgeted Production and production costs for the year ending Dec. 2019 are as thus:
Production units: 44,000 ,Direct materials per unit: $10.00, Direct Wages per unit: $4.00
Total Factory Overheads apportioned to a product: $88,000
REQUIRED -
(a) Production budget for the last three months of 2019 in the data;
(b) Production cost budget for the same period. (calculate the total production cost for std: sales).
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