Unformatted text preview: Mustrative Qarestion Contd...
14) The ahmad lag in payments of manufacturing, administrative and selling & distribution
expenses is 10 days. 20 days & 30 days respectively.
15) Account Receivables at the beginning of the budget period amounted to Rs 250,900 out of
which 80% belonged to the month just ended . Account payable and creditors for expenses at
the beginning of the budget period amounted to Rs 50,000 & Rs 60,000 respectively total
The breakdown of expenses into factory, administrative, selling & distribution is not
16) Cash balance at the beginning of the budget period amounted to Rs 30,000.
Required: Following budgets for first three month of 20x3
Raw Material Purchase Budget
Direct Labor Cost Budget
Factory Overhead Budget
Administrative Overhead Budget
Selling & Distribution Overhead Budget
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- Spring '17
- ALI SAAD