Question Help please can someone explain this question
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Aliyah97
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please can someone explain this question
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You need to find out the value per unit be using the yearly budget and appotioning it along with the information to get the April budget.
Sales
1320000/60000 = £22
April = 22 * 6000 = £132,000
Material used
Raw value is given £6.80/kg. For the accounts you would account for 6000 units (since this would be cost of sales) however for a budget you want the cash flow so would use the 6,216 produced figure.
6,216 * 2 * 6.8 = £84537.60 Round up £84,538
Labour
Labour is probably the most complicated as you need to factor in over time.
Hours required =6216 * 5/60 = 518
Labour = 452*8 + (518-452)*8*1.25 = £4,276
V.Production over head
V.prod per unit = 16500 / (66000*5/60) = 16500/5500 =£3
£3 * 518 (hours from earlier) = £1,554
F Production = £43,800AAT Level 4, MAAT
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