Total cost of labour rm249700 rm108960 rm35866

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Total cost of labour RM249,700 RM108,960 RM358,66 0 Question 3 a) i) Production budget Box CF01 Box PF09 Sales 400,000 600,00 Add : Desired ending inventory 5,000 15,000 Total units required 405,000 615,000 Deduct : Opening inventory 10,000 20,000 Production required 395,000 595,000 ii) Direct material purchases budget PAPERBOARD
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Box CF01 Box PF09 Total Production required (no. of boxes) 395,000 595,000 Raw material required per box (kg) 0.2 0.3 Raw material required for production (kgs) 79,000 178,500 257,500 Add Desired ending raw material 5,000 Total raw material required 262,500 Less Opening raw material 15,000 Raw material to be purchased 247,500 Price (per kg) RM 0.30 Cost of purchases RM74,250 CORRUGATING MEDIUM Box CF01 Box PF09 Total Production required (no. of boxes) 395,000 595,000 Raw material required per box (kg) 0.3 0.7 Raw material required for production (kgs) 118,500 416,500 535,000 Add Desired ending raw material 10,000 Total raw material required 545,000 Less Opening raw material 5,000 Raw material to be purchased 540,000 Price (per kg) RM0.15 Cost of purchases RM81,000 Total cost of raw material purchases = RM74,250 + RM81,000 = RM155,250 iii) Direct labour budget Box CF01 Box PF09 Total Production required (no. of boxes) 395,000 595,000 Direct labour required per box (hours) 0.0025 0.005 Direct labour required for production (hours) 987.5 2,975 Basic hours available 1,120 1,920 Overtime (hours) - 1,055 Overtime payment 0 RM25,686 Basic payment 15,680 RM34,560
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Total direct labour cost RM15,680 RM60,246 Total direct labour cost (CF01 + PF09) RM75,926 Question 1 SERI MELUR INSTITUTION Revised Performance Report for the year ended 31 December 2016 Flexed Budget Actual Variance Number of students registered 600 600 RM RM RM Revenue: - Tuition fees (W1) - Sponsorship (W1) 3,990,000 210,000 3,905,400 198,500 84,600 11,500 (A) (A) Total revenue 4,200,000 4,103,900 96,100(A) Cost: Remuneration - Higher authority staff (W2) - Teachers (4,000 x 24 x 12m) - Support staff (2,800 x 5 x 12) 208,000 1,152,000 168,000 254,500 1,220,500 158,265 46,500 68,500 9,735 (A) (A) (F) Maintenance & utilities 60,000 75,894 15,894(A) Auxiliary security service 72,000 72,000 -- Depreciation 720,000 720,000 -- Instructions supplies & materials (W3) 30,000 45,158 15,158(A) Training & workshops (W4) 36,200 41,569 5,369(A) Total cost 2,446,200 2,587,886 141,686(A) Net Profit 1,753,800 1,516,014 237,786(A) W1 Tuition fees = 10% x 600 = 60 Self sponsored student = 600 -60 = 540 x RM7,000 = RM3,780,000 Partly sponsored student = 60 x RM7,000 x ½ = RM 210,000 RM 3,990,000 Sponsorship = 60 x RM7,000 x ½ = RM210,000 W2 Principal : RM6,000 x 13m = RM78,000 2 Deputies RM5,000 x 2 x 13m = RM130,000
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RM 208,000 W3 Instructions supplies & materials: 27,500/550 x 600 = 30,000 W4 Training & workshops: 37,500 – 5,000 = 32,500 / 25 x 24 = 31,200 + 5,000 = 36,200 Solution 2 a. Bestari Consulting Services Flexible Budget For three projected levels of activity 17,000 hours 18,000 hours 19,000 hours RM RM RM Sales (w1) 3,400,000 3,600,000 3,820,000 Consultants 720,000 720,000 780,000 (w2) Miscelleneous 340,000 360,000 380,000 Office expenses (w3) 780,000 800,000 820,000 Profit/ (loss) 1,560,000 1,720,000 1,840,000 Supporting calculations: (w1) Sales 17,000 x RM200 = 3,400,000 18,000 x RM200 = 3,600,000 (18,000 x RM200) + (1,000 x RM220) = 3,820,000 (w2) consultants RM720,000 + (RM60 x 1,000) = RM780,000 (w3) office expenses (high and low method) Variable office expenses per hour = RM780,000 – RM720,000 17,000 – 14,000 = RM20 per hour Fixed office expenses = RM780,000 – RM20 x 17,000 = RM440,000
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Question 3 (Dec 2016 ) PINEWELL BHD. Revised monthly selling expenses report for December 2016 Flexed Budget Actual Variance Unit sales 155 000 155 000 - Sales revenue (RM) 12 400 000 12 400 000 - Orders processed 3 500 3 500 - Sales personnel per month 96 96 - RM Advertising 3 300 000 3 320 000 20 000 (A) Staff salaries 250 000 250 000 - Sale salaries (W1) 230 400 230 800 400 (A) Commissions (W1)
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