CoursHeroTranscribedText: 7. Wollongong wishes to calculate an operating budget for the forthcoming period. Information regarding...
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CoursHeroTranscribedText: 7. Wollongong wishes to calculate an operating budget for the forthcoming period. Information regarding products, costs and sales levels is as follows: Product A B Materials required X (kg) 2 Y (litres) Labour hours required Skilled (hrs) Semi-skilled (hrs) 2 Sales level (units) 2,000 1,500 Opening stocks (units) 100 200 Closing stock of materials and finished goods will be sufficient to meet 10% of demand. Opening stock of material X was 300 kg and for material Y was 1,000 litres. Material prices are f10 per kg for material X and 7 per litre for material Y. Labour costs are {12 per hour for the skilled workers and f8 per hour for the semi-skilled workers. Required: a) Produce the following budgets: (28 marks) i. Production (units) ii. Materials usage (kg and litres) iii. Materials purchases (kg, litres and f) iv. Labour (hours and f)
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