Budgeting for 2019

Sudhanshu (Assistant Manager at Union Bank of India)   (37 Points)

03 June 2020  

The following information is available from the records of Alpha Ltd. For the year 2019:
You are required to prepare a master budget.

Rs.
Sales of product A 25.0 Lakhs
Sales of product B 75.0 Lakhs
Material cost 55% of sales
Direct wages 50,000 per month per worker

Factory Overheads:
Indirect Labor:
Works Manager 10,000.0 per month
Foreman 5,000.0 per month
Stores and spares 5.0% of sales
Depreciation of machinery 150,000.0
Light and power 100,000.0
Repairs and maintenance 150,000.0
Other expenses 15% of direct wages
Administration expenses 200,000.0 per annum

You are required to prepare a master budget.