Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Cost Accounting Expert

The given is the actual and budgeted data of a company for the first period ended 31st March 2010:

2395_actual and budget control.jpg

Other Information:

a) 50% of sales are on a cash basis and 50% are on a credit basis.

b) Debtors are given one month’s credit.

c) Suppliers give one month’s credit.

d) Overheads are paid one month in arrears.

e) Overheads include Rs 2 000 in respect of the depreciation of fixed assets.

f) Wages are paid in the month in which they are incurred.

g) New machinery costing Rs 60 000 will be paid for in February.

h) The sale of old machinery will bring receipts of Rs 7 000 in March.

i) The bank balance is predicted to be Rs 13 000 on 1st January 2010.

Required:

a) Make a cash budget for the three months ending on 31st March 2010.

b) Outline the purposes of the budgetary control.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M96570

Have any Question? 


Related Questions in Cost Accounting

This consists of a series of short answers to given

This consists of a series of short answers to given questions or statements. In a single Word document, provide 1-2 paragraphs about each of the following: 1. Explain and provide an example of each step of the five-step ...

Cost accenting group report assignment-outcomes -a select

Cost Accenting Group Report Assignment- Outcomes - a) Select devise and apply different types of cost allocation and explain their different roles for supporting strategic managerial decision making. b) Design and prepar ...

Assignment 1 - consider the places of employment of the

Assignment 1 - Consider the places of employment of the team members or businesses with which the team is familiar and the industries in which they operate. Create a 12-slide presentation, including detailed speaker note ...

Cost accountingthe following company uses machine-hours to

Cost Accounting The following company uses machine-hours to allocate manufacturing overhead costs.                                               Company         Job # 323 Direct materials                         $25,000 ...

Abc costing1 assume you own a business that makes two

ABC COSTING 1. Assume you own a business that makes two complementary products for which you allocated manufacturing overhead proportionally. A competitor is trying to undercut your price for one of the products. How mig ...

The cost of capitalassume that you are a member of an

The Cost of Capital Assume that you are a member of an aerospace company's newly formed executive committee that has been given the role of reviewing requests for major capital expenditures. The committee chairman has la ...

Question 1the following data is supplied to youmonthunits

Question 1: The following data is supplied to you: MONTH UNITS PRODUCED COSTS January 1 000 R3 800 February 1 060 R4 110 March 900 R3 560 April 1 100 R4 470 May 1 160 R4 600 June 1 310 R4 995 Required Determine the total ...

Nbspquestions1 can marginal product be zero or negative2

Questions: 1. Can Marginal Product be Zero or negative? 2. What would be Marginal Cost if cost of producing 4 units is '50 and that of 5 units is '68? 3. Is the difference between ATC and AVC is constant? Give reason whe ...

Cost accounting assessment - group reportlearning outcomesa

Cost Accounting Assessment - Group Report Learning outcomes a) Select devise and apply different types of cost allocation and explain their different roles for supporting strategic managerial decision making. b) Design a ...

Problem 1triglassplc has three types of capital the market

Problem 1 TriglassPlc has three types of capital. The market capitalization of its equity is $20 million. These ordinary shares have a beta of 0.9, as measure over the past five years of monthly returns which may be take ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate