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QUESTION 2 The Income Statement of Malaysia Milk Sda Bhd for the months ended 31 July and 31 August 2020 are asfpllows: July 12,000 Aug 15,000 Sales (units) RM RM Sales revenue 300,000 375,000 Less Total Cost Direct materials 60,000 12,000 48,000 20,000 5,000 6,000 7,000 29,000 24,000 211,000 89,000 75,000 12,000 60,000 20,000 5,000 6,000 7,000 Indirect materials Direct labour Indirect labour Rent Depreciation Inspection costs Electricity Supervisors' salaries 35,000 28,500 248,500 126,500 Profit/Loss REQUIRED: (a) Prepare a budget in the same format for the month ended 30 September 2020 assuming that the factory will manufacture and sell 16,000 units during the month.

QUESTION 2 The Income Statement of Malaysia Milk Sda Bhd for the months ended 31 July and 31 August 2020 are asfpllows: July 12,000 Aug 15,000 Sales (units) RM RM Sales revenue 300,000 375,000 Less Total Cost Direct materials 60,000 12,000 48,000 20,000 5,000 6,000 7,000 29,000 24,000 211,000 89,000 75,000 12,000 60,000 20,000 5,000 6,000 7,000 Indirect materials Direct labour Indirect labour Rent Depreciation Inspection costs Electricity Supervisors' salaries 35,000 28,500 248,500 126,500 Profit/Loss REQUIRED: (a) Prepare a budget in the same format for the month ended 30 September 2020 assuming that the factory will manufacture and sell 16,000 units during the month.

Accounting (Text Only)
Accounting (Text Only)
26th Edition
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 17.1EX
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QUESTION 2 The Income Statement of Malaysia Milk Sdn Bhd for the months ended 31 July and 31 August 2020 are as fpllows: July 12,000 Aug 15,000 Sales (units) RM RM Sales revenue 300,000 375,000 Less Total Cost Direct materials 60,000 12,000 48,000 20,000 5,000 6,000 7,000 29,000 24,000 211,000 89,000 Indirect materials Direct labour Indirect labour 75,000 12,000 60,000 20,000 Rent Depreciation Inspection costs Electricity Supervisors' salaries 5,000 6,000 7,000 35,000 28,500 248,500 126,500 Profit/Loss REQUIRED: (a) Prepare a budget in the same format for the month ended 30 September 2020 assuming that the factory will manufacture and sell 16,000 units during the month.
Transcribed Image Text:QUESTION 2 The Income Statement of Malaysia Milk Sdn Bhd for the months ended 31 July and 31 August 2020 are as fpllows: July 12,000 Aug 15,000 Sales (units) RM RM Sales revenue 300,000 375,000 Less Total Cost Direct materials 60,000 12,000 48,000 20,000 5,000 6,000 7,000 29,000 24,000 211,000 89,000 Indirect materials Direct labour Indirect labour 75,000 12,000 60,000 20,000 Rent Depreciation Inspection costs Electricity Supervisors' salaries 5,000 6,000 7,000 35,000 28,500 248,500 126,500 Profit/Loss REQUIRED: (a) Prepare a budget in the same format for the month ended 30 September 2020 assuming that the factory will manufacture and sell 16,000 units during the month.
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