Question
In: Accounting
XYZ Sdn Bhd is preparing budget for the year ended 31st December 2016. The company manufactures...
XYZ Sdn Bhd is preparing budget for the year ended 31st December 2016. The company manufactures and sellls one product at RM5 each but this will increase to RM6 from 1st July 2016. The budget sales volume are:
|
Units |
|
|
January to June |
9,000 |
|
July to December |
6,000 |
Sales for January to June 2017 is expected to be 12,000 units. Closing stocks is budgeted at 10% of the next six month period’s sales. No stocks of components are held.
Each unit of product uses two components with the usage current unit price as follows:
|
Usage |
Unit price |
|
|
Component A |
3 units |
RM10 |
|
Component B |
2 units |
RM6 |
Component A is expected to increase in price by 10% from July 2016. Labor cost for the product is RM30 per unit. Variable production overhead will be at RM10 per unit and fixed production overhead is budgeted at RM250,000 for the year.
Required:
Prepare the following budgets for XYZ Sdn Bhd for each of the two six-month periods of 2016.
(a) Sales budget. (1 mark)
(b) Production volume budget.
(c) Production cost budget.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
XYZ Sdn Bhd is preparing budget for the year ended 31st December 2016. The company manufactures...
XYZ Sdn Bhd is preparing budget for the year ended
31st December 2016. The company manufactures and sellls one product
at RM5 each but this will increase to RM6 from 1st July 2016. The
budget sales volume are:
Units
January to June 9,000
July to December 6,000
Sales for January to June 2017 is expected to be 12,000 units.
Closing stocks is budgeted at 10% of the next six month period’s
sales. No stocks of components are held.
Each unit...
the segmented income statement for XYZ Company for the year ended December 31, 2016, follows: XYZ...
the segmented income statement for XYZ Company for the year
ended December 31, 2016, follows: XYZ COMPANY Segmented Income
Statement For the Year Ended December 31, 2016 Total Company
Product A Product B Product C Sales $ 592,000 $ 297,000 $ 118,000 $
177,000 Variable expenses 273,000 154,000 49,000 70,000
Contribution margin $ 319,000 $ 143,000 $ 69,000 $ 107,000 Fixed
expenses 283,000 165,000 47,000 71,000 Operating income $ 36,000 $
(22,000 ) $ 22,000 $ 36,000 The company is...
The segmented income statement for XYZ Company for the year ended December 31, 2016, follows: XYZ...
The segmented income statement for XYZ Company for the year
ended December 31, 2016, follows: XYZ COMPANY Segmented Income
Statement For the Year Ended December 31, 2016
Total Company Product A Product B Product C
Sales $ 610,000 $ 305,000 $ 118,000 $ 187,000
Vari. expenses 273,000 146,000 53,000 74,000
Cont. margin $ 337,000 $ 159,000 $ 65,000 $ 113,000
Fixed expenses 283,000 164,000 49,000 70,000
Oper. income $ 54,000 $ (5,000 ) $ 16,000 $ 43,000
The company is...
Highnix Electronics Sdn Bhd develops and manufactures computer components and its year end was 31 December...
Highnix Electronics Sdn Bhd develops and manufactures computer
components and its year end was 31 December 2018 . The company has
a large factory, and two warehouses, one of which is off-site. You
are an audit supervisor of Tipah & Co and the final audit is
due to commence shortly. Draft financial statements show total
assets of RM23.2m and profit before tax of RM6.4m. The following
three matters have been brought to your attention:
Inventory valuation
Your firm attended the...
The statement of financial position of a company at year ended 31st December 2000 reflects the...
The statement of financial position of a company at
year ended 31st December 2000 reflects the following status:
Amount (Rs.)
Plant under installation 2000,000
Other assets 8000,000
10,000,000
Loans
Bank Loan 18% 2,000,000
Bank Loan 20% 2,500,000
Bank Loan 22% 1,500,000
6,000,000
Shareholder’s Equity 4,000,000
10,000,000
Bank loan of 20% was taken on April 1, 2000. Other
loans were brought forward from 1999.
Expenditures incurred on plant under installation:
April 01, 2000 1,000,000
June 01, 2000 700,000
September 01,...
Below is a trial balance (extracted) of Kasturi Dewi Sdn Bhd. for the year ended 31...
Below is a trial balance (extracted) of Kasturi Dewi Sdn Bhd.
for the year ended
31 December 2019:
Debit (RM)
Credit (RM)
Account receivable
100,000
Allowance for impairment of Account receivable as at 1 January
2019
8,500
As at 31 December 2019, the following
transactions are not yet recorded:
One of the debtors was declared bankrupt by the Court. The
amount due from the debtor is RM2,000.
The company received RM1,500 from a debtor who was previously
written off as...
Question 4 Below was extract from the books of Piko Sdn Bhd for the year ended...
Question 4 Below was extract from the books of Piko Sdn Bhd for
the year ended 31 December 2019. RM Retained profit 31 December
2018 158,000 Inventory 1 January 2019 39,000 Purchases 550,000
Sales 1,292,000 Share capital 120,000 Distribution expenses 116,000
Administration expenses 241,000 Bad debts 23,500 6% bonds
(redeemable in Year 2021) 400,000 Trade receivables 200,000 Trade
payables 73,500 Allowance for doubtful debts 6,000 Interest paid on
bonds 12,000 Bank 58,000 Dividends paid 105,000 Plant and machinery
at cost...
Company XYZ Sdn Bhd has two production departments; Department A and Department B.
Company XYZ Sdn Bhd has two production departments; Department A
and Department B. The company uses the basis direct labor hour to
determine predetermine overhead rate. A total of 3 500 units were
produced on Job 3113.The following information relates to both departments for the
year 2019:Department ADepartment BBudgeted manufacturing overheadRM 500 000RM 250 000Budgeted direct labor hours32 00025 500Budgeted machine hours3 00018 000The company shows the following information relates to Job
3113:Materials
requisitioned
RM 20 000Direct labor
cost
RM...
3. The following is the trial balance of Silk Store Sdn. Bhd. as at 31 December Year...
3. The following
is the trial balance of Silk Store Sdn. Bhd. as at 31 December Year
5.
Dr Cr
RM RM
Bank
6,723
Debtors 18,910
Creditors 12,304
Stock
as at 31 December Year
4 40,360
Buildings
at
cost 100,000
Equipment
at
cost 45,000
Profit
and loss account as at 31 December Year
4 15,286
General
reserve 8,000
Foreign
exchange
reserve 4,200
Authorised
and issued share
capital 100,000
Purchases 72,360
Sales 135,486
Carriage
inwards
1,570
Carriage
outwards 1,390
Salaries 18,310
Rates
and occupancy
expenses
4,235
Office
expenses 3,022
Sundry
expenses
1,896
Provision
for depreciation at 31.12.Year 4:...
West global sdn bhd has a capital budget of $2,000,000.00. the company wants to maintain a...
West global sdn bhd has a capital budget of $2,000,000.00. the
company wants to maintain a target capital structure that consists
of 40% equity and 60% debt. the company forecasts that its net
income this year will be $1,200,000.00 and there are 500,000 common
stocks outstanding.
a. If the company follows a residual dividend policy, what will
be the dividend payout ratio and its dividend per share?
b. Suppose West Global follows a constant dividend payout ratio
of 40%, does...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Explain the use of neural networking modeling in predictive analytics.
- Current Market Mix of Netflix, as detail as possible, please.
- This is all one question, thank you so much in advance! You must evaluate a proposal...
- X Company is considering the purchase of a new processor that costs $200,000. Shipping and setup...
- There are a large number of tasks involved in information technology and programming, and many of...
- Using one quantitative and one qualitative health policy research method described in this chapter, design a...
- What is the Rawls' solution to the age-old question of social (economic / distributive) justice?...
ADVERTISEMENT