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


Schedule A Closing finished goods stock budget



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7 Schedule A Closing finished goods stock budget
For the year ended 31 December 2011

Cost per

Units (Lots)
unit (Lot)
Total
Direct materials Syrup for lemonade
30
£1,200
£36,000 Syrup for diet lemonade
20 1,100 22,000
Containers
100 1,000 100,000 Packaging
200 800 160,000

£318,000

Cost per

Units

unit Finished goods
Lemonade
20
£5,500*
£110,000 Diet lemonade
10 5,400*
54,000 164,000 Total closing stock

£482,000 From Schedule B below.


Bhimani, Horngren, Datar and Rajan, Management and Cost Accounting, 5
th
Edition, Instructor’s Manual
© Pearson Education Limited 2012
Schedule B Calculation of unit costs of manufacturing finished goods
For the year ended 31 December 2011
Cost per
Lemonade
Diet Lemonade

unit (Lot)
Inputs in


Inputs in

or hour units (Lots)


units (Lots)

of input
or hours Amount
or Hours
Hour
Syrup
£1,200
£1,100 Containers
1,000 1,000 Packaging
800 800 Direct manufacturing labour
£25 20 500 20 500 Variable manufacturing overhead *600 2
1,200 2
1,200 Fixed manufacturing overhead
400 2
800 2
800 Total
£5,500 £5,400 Variable manufacturing overhead varies with bottling hours (2 hours per lot for both Lemonade and Diet Lemonade. Fixed manufacturing overhead is allocated on the basis of bottling hours at the rate of £400 per bottling hour calculated in Schedule 5.

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