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QUESTION
Dampare Ltd manufactures three products namely A, B and C. The information given below relates to the month of November, 2020.
| Product | Quantity (Units) | Price/Unit |
| | | (GH) |
Sales: | A | 1200 | 80 |
| B | 2400 | 96 |
| C | 1800 | 112 |
Materials used in companys Products | | |
Material | MA | MB | MC |
(Unit cost) | GH3 | GH5 | GH8 |
Quantity used in: | MA (Units) | MB (Units) | MC (Units) |
Product A | 5 | 3 | 1 |
Product B | 4 | 4 | 3 |
Product C | 3 | 2 | 2 |
Finished Stock | Product A | Product B | Product C |
| (Unit) | (Unit) | (Unit) |
Opening stock | 1200 | 1800 | 600 |
Closing Stock | 1320 | 1980 | 660 |
| | | |
Material Stock | MA (Units) | MB (Units) | MC (Units) |
Opening stock | 31,200 | 24,000 | 14,400 |
Closing stock | 37,440 | 28,800 | 17,280 |
Required:
Prepare the following functional budget for the month of November 2020 for:
(i) Sales in quantity and value, including total value
(ii) Production quantities
(iii) Material usage in quantities
iv) Material purchases in quantities and value, including total value.
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