Fifth edition Alnoor Bhimani Charles T. Horngren Srikant M. Datar Madhav V. Rajan Farah Ahamed

Schedule 7: Cost of goods sold budget

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9 Schedule 8: Marketing costs budget For the year ended 31 December 2011 Marketing costs 12% × Sales £14,310,000 = £1,717,200 10 Schedule 9: Distribution costs budget

8 Schedule 7: Cost of goods sold budget
For the year ended 31 December 2011
From
schedule
Total
Opening finished goods stock,
1 January 2011 Given
£790,000 Direct materials used A
£4,465,000 Direct manufacturing labour
4 750,000 Manufacturing overhead
5 3,000,000 Cost of goods manufactured

8,215,000 Cost of goods available for sale

9,005,000 Deduct closing finished goods stock,
31 December 2011 6
164,000 Cost of goods sold
Given in description of basic data and requirements (Lemonade, £5,300 × 100; Diet Lemonade,
£5,200 × 50).
9 Schedule 8: Marketing costs budget
For the year ended 31 December 2011
Marketing costs 12% × Sales £14,310,000 = £1,717,200
10 Schedule 9: Distribution costs budget
For the year ended 31 December 2011
Distribution costs 8% × Sales £14,310,000 = £1,144,800

Bhimani, Horngren, Datar and Rajan, Management and Cost Accounting, 5
th
Edition, Instructor’s Manual
© Pearson Education Limited 2012

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