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Information Systems for Managment Accounting - Essay Example

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Information Systems for Managment Accounting

Budgeted sales in unit $2200
Add desired ending inventory $0
= total needs $2200
Less beginning inventory $0
Required Production $ 2200


The production budget is calculated on March 2009

Budgeted sales in unit $1400
Add desired ending inventory $0
= total needs $1400
Less beginning inventory $0
Required Production $ 1400


The production budget is calculated on April 2009


Budgeted sales in unit $2500
Add desired ending inventory $0
= total needs $2500
Less beginning inventory $ 0
Required Production $ 2500

Sales Budget for Hope Ltd.




Material Purchase Budget for the Hope Limited


Units
material cost per unit
material purchase budget
2008



May
1,100
40
44000
June
1,300
40
52000
July
1,500
40
60000
August
1,700
40
68000
September
1,900
40
76000
October
2,100
40
84000
November
2,300
40
92000
December
2,500
40
100000




2009



January
2,300
40
92000
February
2,200
40
88000
March
1,400
40
56000
April
2,500
40
100000
Total for year
22,800
40
912000

Direct Labor Budget for the Hope Ltd.


Units




2008

labor hour per unit
total labor hour
Direct labor cost
Direct Labor Budgets
May
1,100
2
2200
8
17600
June
1,300
2
2600
8
20800
July
1,500
2
3000
8
24000
August
1,700
2
3400
8
27200
September
1,900
2
3800
8
30400
October
2,100
2
4200
8
33600
November
2,300
2
4600
8
36800
December
2,500
2
5000
8
40000


2

8

2009

2

8

January
2,300
2
4600
8
36800
February
2,200
2
4400
8
35200
March
1,400
2
2800
8
22400
April
2,500
2
5000
8
40000
Total for year
22,800
2
45600
8
364800



Production Overhead






Total Fixed Production Overhead
91200
Total Fixed Admin. And Distribution Overhead
36000
Total Fixed Overhead

127200




Variable Overhead


5 per labour hour(5) (45600)
228000

Total...
Description: the overall company efficiency was increased later due to the credit sale for two months that causes loss. Therefore, the company must decrease its credit sale. On the other hand its distribution and administrative cost is also huge which is also required to minimize. Over all company goes in profit with time but its efficiency can be increased by lowering its cost. ...Show more

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Author : freemanmiller
Information Systems for Managment Accounting essay example
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