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  1. business
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  3. cost and management accounting a company produ

cost and management accounting A company produces and sell two products,...

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Accounting

cost and management accounting
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A company produces and sell two products, A and B. The budgeted sales volumes for the next quarter are as follows: - Product A, 34000 units - Product B, 58000 units The finished goods inventory is budgeted to increase by 1000 units for Product A and to decrease by 2000 units for Product B by the end of the quarter. Silicon and Plastic are materials used in the production of both products. The quantities of the materials required to produce one unit of the finished product and the purchase prices are as follows: Note-Budgeted closing inventory: At the end of the quarter, the company plans to hold inventory of raw material of 5% of the quarter's material usage budget. Required: Show all calculations and round all calculations off to the nearest whole number. Prepare the following budgets for the next quarter: 4.1 The production budget in units. 4.2 The material usage budget in kilograms. 4.3 The material purchases budget in kilograms. 4.4 The material purchases budget in rand value. (4)

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