问答题

(a)List 4 important features about budgetary control. (b)Sunny Ltd. has the following information for the year ended 31 December 2003: Budgeted Actual Level of activity 75% 80% ＄＄ Costs: Direct materials 75,000 75,000 Direct labour 225,000 200,000 Variable overhead 37,500 43,000 Total variable cost 337,500 318,000 Fixed overhead 150,000 170,000

Required: Prepare a flexible budget for Sunny Ltd. for the year ended 31 December 2003.

答案： (a)—Responsibilities have to be clearly and carefully define...

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答案： (a)Corrected Cash Book Balance: ...

(a)List 4 important features about budgetary control. (b)Sunny Ltd. has the following information for the year ended 31 December 2003: Budgeted Actual Level of activity 75% 80% ＄＄ Costs: Direct materials 75,000 75,000 Direct labour 225,000 200,000 Variable overhead 37,500 43,000 Total variable cost 337,500 318,000 Fixed overhead 150,000 170,000

Required: Prepare a flexible budget for Sunny Ltd. for the year ended 31 December 2003.

答案： (a)—Responsibilities have to be clearly and carefully define...

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Sam Company Ltd. produces a range of products and absorbs production overhead using a rate of 168% on direct wages. The absorption rate was calculated from following budgeted figures: ＄ Direct wages 100,000 Fixed production overhead 90,000 Variable production overhead 78,000 Sam is making component W, which is an essential part of product M. The cost of making component W is as follows: ＄ Raw material 10 Direct wages 8 Production overhead 18 36 It is found that component W could be bought from an outside supplier at ＄21. It is unlikely to reduce any production costs even if component W is acquired from outside. Required: (a)Determine the overhead absorption rate. (b)Advise whether the company should continue making component W or buy it from outside.

答案： (a)The overhead absorption rates are determined as follows: ...