Budgeting assessment 1, task 3
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dumutroba
Registered Posts: 262
Solution
AAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor
1
Comments
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@dumutroba thank you so much for this.dumutroba said:Solution
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@dumutroba how do i work out the overtime part?sophie_612 said:0 -
Produced units x times taken to produce one unit
348000x5/60=29000h required
29000h-26240=2760h will be overtimeAAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor0 -
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@dumutroba thank you so much i really appreciate your help, i'm struggling with this unit i just cannot seem to get my head around itdumutroba said:Produced units x times taken to produce one unit
348000x5/60=29000h required
29000h-26240=2760h will be overtime5 -
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 @dumutroba0
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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 @dumutroba0
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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 upload0
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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 followsAAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor0 -
@dumutroba where did you get the 97440, how do you work that figure out?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
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It should say 974,400, this is matrial, labour and production overhead costs combinedAAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor0
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