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QUESTION Dampare Ltd manufactures three products namely A, B and C. The information...

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Question

Accounting

QUESTION

Dampare Ltd manufactures three products namely A, B and C. The information given below relates to the month of November, 2020.

Product

Quantity (Units)

Price/Unit

(GH)

Sales:

A

1200

80

B

2400

96

C

1800

112

Materials used in companys Products

Material

MA

MB

MC

(Unit cost)

GH3

GH5

GH8

Quantity used in:

MA (Units)

MB (Units)

MC (Units)

Product A

5

3

1

Product B

4

4

3

Product C

3

2

2

Finished Stock

Product A

Product B

Product C

(Unit)

(Unit)

(Unit)

Opening stock

1200

1800

600

Closing Stock

1320

1980

660

Material Stock

MA (Units)

MB (Units)

MC (Units)

Opening stock

31,200

24,000

14,400

Closing stock

37,440

28,800

17,280

Required:

Prepare the following functional budget for the month of November 2020 for:

(i) Sales in quantity and value, including total value

(ii) Production quantities

(iii) Material usage in quantities

iv) Material purchases in quantities and value, including total value.

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