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    X PLC Manufactures Product X Using Three Different Raw Materials

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    Amit Pandey
    X plc manufactures Product X using three raw materials. It holds finished goods equal to 50% of next month's sales. Raw material stocks on July 1st are: 1000kg of Material A, 400kg of Material B, and 600kg of Material C. Stocks will increase 20% in July and remain at the new level. The document provides details to prepare budgets for sales, production, raw material usage, raw material purchases, and labor for July through September. It also explains the principal budget factor and constructing a labor budget spreadsheet.

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    X PLC Manufactures Product X Using Three Different Raw Materials

    Uploaded by

    Amit Pandey
    501 views2 pages
    X plc manufactures Product X using three raw materials. It holds finished goods equal to 50% of next month's sales. Raw material stocks on July 1st are: 1000kg of Material A, 400kg of Material B, and 600kg of Material C. Stocks will increase 20% in July and remain at the new level. The document provides details to prepare budgets for sales, production, raw material usage, raw material purchases, and labor for July through September. It also explains the principal budget factor and constructing a labor budget spreadsheet.

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    x Plc Manufactures Product x Using Three Different Raw Materials

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    X plc manufactures Product X using three raw materials. It holds finished goods equal to 50% of next month's sales. Raw material stocks on July 1st are: 1000kg of Material A, 400kg of Material B, and 600kg of Material C. Stocks will increase 20% in July and remain at the new level. The document provides details to prepare budgets for sales, production, raw material usage, raw material purchases, and labor for July through September. It also explains the principal budget factor and constructing a labor budget spreadsheet.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    501 views2 pages

    X PLC Manufactures Product X Using Three Different Raw Materials

    Uploaded by

    Amit Pandey
    X plc manufactures Product X using three raw materials. It holds finished goods equal to 50% of next month's sales. Raw material stocks on July 1st are: 1000kg of Material A, 400kg of Material B, and 600kg of Material C. Stocks will increase 20% in July and remain at the new level. The document provides details to prepare budgets for sales, production, raw material usage, raw material purchases, and labor for July through September. It also explains the principal budget factor and constructing a labor budget spreadsheet.

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    © All Rights Reserved
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    Solved: X plc manufactures Product X using three different

    raw materials
    X plc manufactures Product X using three different raw materials

    X plc manufactures Product X using three different raw materials. The product details are as
    follows:

    It is company policy to hold stocks of finished goods at the end of each month equal to 50 per
    cent of the following month's sales demand, and it is expected that the stock at the start of the
    budget period will meet this policy. At the end of the production process the products are tested:
    it is usual for 10 per cent of those tested to be faulty. It is not possible to rectify these faulty
    units.

    Raw material stocks are expected to be as follows on 1 July:

    Material A 1000 kgs

    Material B 400 kgs

    Material C 600 kgs

    Stocks are to be increased by 20 per cent in July, and then remain at their new level for the
    foreseeable future. Labour is paid on an hourly rate based on attendance. In addition to the unit
    direct labour hours shown above, 20 per cent of attendance time is spent on tasks which
    support production activity.

    (a) Prepare the following budgets for the quarter from July to September inclusive:

    (i) Sales budget in quantity and value;

    (ii) Production budget in units;

    (iii) Raw material usage budget in kgs;

    (iv) Raw material purchases budget in kgs and value;

    (v) Labour requirements budget in hours and value.

    (b) Explain the term 'principal budget factor' and why its identification is an important part of the
    budget preparation process.

    Reach out to freelance2040@yahoo.com for enquiry.


    (c) Explain clearly, using data from part (a) above, how you would construct a spreadsheet to
    produce the labour requirements budget for August. Include a specimen cell layout diagram

    containing formulae which would illustrate the basis for the spreadsheet.

    X plc manufactures Product X using three different raw materials

    ANSWER
    https://solvedquest.com/x-plc-manufactures-product-x-using-three-different-raw-materials/

    Reach out to freelance2040@yahoo.com for enquiry.


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