our CEO has asked you to prepare a production cost budget for the MiniY for...
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Accounting
our CEO has asked you to prepare a production cost budget for the MiniY for May 20X8. The actual costs in April 20X8 were:
| MiniY: Production Cost Budget | |
|---|---|
| April 20X8 | |
| ProductionUnits of MiniY | 3,000 |
| Components cost (variable) | 24,000,000 |
| Labor cost (variable) | 13,500,000 |
| Rent (fixed) | 6,000,000 |
| Depreciation (fixed) | 6,000,000 |
| Other (fixed) | 2,000,000 |
| Total | $51,500,000 |
For the month of May, the number of MiniY produced will increase to 3,200, reflecting an anticipated sales increase related to a new marketing campaign.
Question 5: Using the above information, prepare a budget for May 20X8 stating the total cost. Use a spreadsheet to display your data and calculations.
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