- 20 Marks
MA – Nov 2019 – L2 – Q2b – Budgetary Control
Prepare a budgetary control statement for MZ Ltd for May 2019 using a flexible budget basis.
Question
b) The following monthly budgeted cost values have been taken from the budget working papers of MZ Ltd for the year ended 30 September 2019.
During May 2019, actual costs for the activity level of 82% were as follows:
Item GH¢
Direct Materials 10,500
Direct Labour 12,250
Direct Expenses 5,600
Production Overhead 6,250
Selling Overhead 15,150
Administration Overhead 14,200
Total 63,950
Required:
Prepare a budgetary control statement for MZ Ltd on a flexible budget basis for the month of May 2019.
(10 marks)
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