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[Solved] MGT404 Assignment 1 Solution & Discussion Fall 2019  

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admin
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27/11/2019 5:37 pm  

MGT404 Managerial Accounting Assignment 1 Solution & Discussion Fall 2019


SEMESTER FALL 2019

MANAGERIAL ACCOUNTING (MGT404)         ASSIGNMENT # 01

DUE DATE:        NOVEMBER27,2019
MARKS:             15

Assignment Question

ABC Company prepares budget on quarterly basis and following information has been extracted from the books to prepare budget for second quarter ending on 30th June. Budgeted sales for the next six months are as follows: 

Month 

Sales (Units)

Month 

Sales (Units)

April 

25,000

May 

55,000

June 

35,000

July 

30,000

August 

25,000

September 

20,000

 

Management of the Company wants to maintain ending inventory to be 15% of the following month’s budgeted sales in units. On March 31st, available inventory was 4,500 units. 

Required

  1. Prepare the production budget with the help of given information.
  2. Prepare the direct materials budget with the help of following information and production budget prepared in requirement 1.

Seven kg of material is required to manufacture a unit of product and management wants to maintain materials on hand at the end of each month equal to 18% of the following month’s production. On March 31st; 40,530 pounds of material were available in inventory.  

 

NOTE: Provide complete working/calculation in appropriate format where necessary.

 

IMPORTANT NOTE:

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Note Related to Load Shedding: Please Be Proactive

Dear Students,

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admin
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Admin
Joined: 1 year ago
Posts: 1354
27/11/2019 5:44 pm  

MGT404 Managerial Accounting Assignment 1 Solution & Discussion Fall 2019


 

Download attachment for Solution idea file of MGT404.

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