04 Aug Sales For October, November, And December Are Expected To Be R200,000, R180,000, And R220,000, Respectively, For Ripken Company. All Sales Are…
R180,000, and R220,000, respectively, for Ripken Company. All sales are on
account (terms 2/15, net 30 days) and are collected 50 percent in the month of sale
and 50 percent in the following month. One-half of all sales discounts are taken on
the average. Materials are purch
Materials used 40,000 36,000 44,000
Salaries 70,000 68,000 72,000
Maintenance and repairs 18,000 18,000 18,000
Depreciation 36,000 36,000 36,000
Utilities and other 14,000 14,000 14,000
Dividends paid -0- 10,000 -0-
Payment on bonds 8,000 8,000 8,000
Required:
Using the given information, prepare a cash budget for November. (6)
Question 7: Control systems (14 marks)
Timothy, SA., uses a flexible budget for overhead costs. The company expects to
produce 40,000 units of the product it manufactures. Each unit requires 0.40 direct
labour hours. The cost formulas for each of the four overhead items (where X is
measured in direct labour hours) is as follows:
Cost Formula
Power 0.40X
Maintenance R15,000 + 0.60X
Indirect labour R18,000 + 2.50X
Rent R20,000
Required:
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