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# Budgeting assessment 1, task 3

AAT Student, AATQB Posts: 264
Solution
AAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%

• LondonRegistered Posts: 107

dumutroba said:

Solution

@dumutroba thank you so much for this.
@dumutroba how do i work out the overtime part?
• AAT Student, AATQB Posts: 264
edited April 2019
Produced units x times taken to produce one unit

348000x5/60=29000h required

29000h-26240=2760h will be overtime
AAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
• LondonRegistered Posts: 107
i just need a little help with part b and c of this question, i've started filling it out but i don't get how the have worked out some of the answers @dumutroba
• LondonRegistered Posts: 107
i just need a little help with part b and c of this question, i've started filling it out but i don't get how the have worked out some of the answers @dumutroba
• LondonRegistered Posts: 107
edited April 2019
i just need a little help with part b and c of this question, I've started filling it out but i don't get how the have worked out some of the answers @dumutroba i've posted images to your wall as it will not let me upload
• LondonRegistered Posts: 107

• LondonRegistered Posts: 107

• AAT Student, AATQB Posts: 264
edited April 2019
Budgeted production cost per unit will be
Budgeted production cost /number of units, or £97440/348000=£2.80

Closing inventory is 34200 units, therefore £2.80x34200=£95760

Cost of goods sold is opening inventory +production overheads - closing inventory

The rest of it just follows
AAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
• LondonRegistered Posts: 107
dumutroba said:

Budgeted production cost per unit will be

Budgeted production cost /number of units, or £97440/348000=£2.80

Closing inventory is 34200 units, therefore £2.80x34200=£95760

Cost of goods sold is opening inventory +production overheads - closing inventory

The rest of it just follows

@dumutroba where did you get the 97440, how do you work that figure out?
• AAT Student, AATQB Posts: 264
It should say 974,400, this is matrial, labour and production overhead costs combined
AAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%