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Sandrine Ltd manufactures two types of motor vehicle tyres: standard which sells for $150 and deluxe which sells for $210. They anticipate selling...

This question was created from FNSACC503 Assessment Task 02 v5.0.pdf https://www.coursehero.com/file/40748705/FNSACC503-Assessment-Task-02-v50pdf/

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Sales salaries-------50,000 Advertising-----------12,000 Office salaries-------85,000 Office expenses-----13,000 Prepare master budget using excel spreadsheet for Sandrine Ltd for the year ending 31 December 2017. Include the following budget schedules: 1. Sales budget 2. Production budget (in units) 3. Direct materials budget 4. Direct labour budget 5. Factory overhead budget 6. Cost of goods sold budget 7. Income Statement budget

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Sandrine Ltd manufactures two types of motor vehicle tyres: standard which sells for $150 and
deluxe which sells for sand. They anticipate selling 3,5oo standard tyres and 35%: deluxe tyres
during em}. The tyres have the following materials and labour requirements: Direct materials: Rubber ($10: per kg]
Steel {sgo per kg] Direct labour ($15 per hour) The following factory overhead costs are anticipated for the coming year. The predetermined
overhead rate is based on a total estimated direct labour time of 11,ooo hours. The applied
overhead cost is used in the valuation of finished goods. Any amount over- or under-applied for
the year is shown separately in the income statement. Indirect materials Indirect labour Power and lighting Rates and taxes
Insurance Depreciation of equipment The following inventory information is available: m Actua[ stock Desired stock
Finished goods:
Standard tyres Deluxe tyres
Direct materials: Rubber Steel

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