Hello there, I need your help to guide me for this question : Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 40,000 48,000 60,000 52,000 Sales price per unit USD6 Desired ending finished goods inventory : 4800 6000 5200 4400 Beginning finished goods inventory 4000 4800 6000 5200 Material required per unit pounds 2 2 2 2 Desired ending inventory 10800 13040 11280 12000 Beginning inventory 16320 Inventory at end of previous quarter Cost of Material per unit USD1.10 Direct labour hours per unit 0.1 0.1 0.1 0.1 Direct labour rate per hour USD13 USD13 USD13 USD13 Indirect materials : USD0.20 perunit Indirect labor : USD0.15 per unit Other : USD0.35 per unit Salaries USD28,000 Rent USD22,000 Depreciation USD16,165 Using above information prepare following budget: a) Production budget b) Direct material Budget c) Direct labor budget
Thank you so much! I have an exam next week and missed the class on budgets. This has helped a ton!
Thank you so much for this vid sir!! It helps a lot. I've been struggling on how to make a production budget. Thank you so much
Wow just in time we are currently studying master budget. Thank you so much sir!
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Hello there, I need your help to guide me for this question :
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Sales in units 40,000 48,000 60,000 52,000
Sales price per unit USD6
Desired ending finished goods
inventory : 4800 6000 5200 4400
Beginning finished goods inventory 4000 4800 6000 5200
Material required per unit pounds 2 2 2 2
Desired ending inventory 10800 13040 11280 12000
Beginning inventory 16320 Inventory at end of previous quarter
Cost of Material per unit USD1.10
Direct labour hours per unit 0.1 0.1 0.1 0.1
Direct labour rate per hour USD13 USD13 USD13 USD13
Indirect materials : USD0.20 perunit
Indirect labor : USD0.15 per unit
Other : USD0.35 per unit
Salaries USD28,000
Rent USD22,000
Depreciation USD16,165
Using above information prepare following budget:
a) Production budget
b) Direct material Budget
c) Direct labor budget
Thank you so much for posting these videos!!!! I just didn't get the topic when my teacher was explaining it, he makes it look over complicated
Thank you so much for making this video sir. I was really struggling in doing it. I'm really thankful 😇 It really helps me a lot.
Thank you very much sir this was very helpful and made things easy for me I was struggling
Thank you so much Sir, your video was very helpful. You are good at explaining the concept
It really helps me alot. ❤
Really really thank you
Thank you so much Sir
Thank you sir