Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Sales, production, direct materials purchases, and direct labor cost
The budge! director of Royal British Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows:
Instructions
3. Prepare a direct materials purchases budget for March.
Concept Introduction:
Direct materials purchases budget: It is help us to calculate the amount of the raw material is used in the production of the finished goods produced.
To Prepare:
Make a direct materials purchases budget of March.
| William | |
| total sales | 16000 |
| add: closing stock | 2000 |
| less: opening stock | 1500 |
| units produced | 16500 |
| Kate | |
| total sales | 12000 |
| add: closing stock | 900 |
| less: opening stock | 300 |
| units produced | 12600 |
| Direct material produced | ||||||
| Particulars | William | Kate | ||||
| units | ||||||
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