- 10 Marks
MA – Dec 2023 – L2 – Q3b – Budgetary control
This question requires the preparation of a budget for the supply of rice and beans needed to feed students at Ghanaman SHS for two semesters.
Question
Ghanaman Senior High School (SHS), which has an enrollment of 2,500 students (residential), is one of the schools that depend on the government for the supply of food items. The bursar has proposed that a 50-kilogram bag of rice can feed 200 students per meal, while the same 50-kilogram bag of beans can be used for 350 students. Per the menu plan, rice will be served three times and beans twice a week. The SHS will run two semesters of 16 weeks each for the year 2023.
Other information:
i) Opening inventory:
- Rice: 40 bags of 50kg
- Beans: 10 bags of 50kg
ii) Inventory policy (Closing inventory):
- Rice: 20% of the annual requirement
- Beans: 15% of the annual requirement
Required:
Prepare the budget for the supply of both rice and beans needed to feed students for the two semesters of the year 2023.
Find Related Questions by Tags, levels, etc.
- Tags: Budgeting, Food Supply, Inventory Policy, Residential School
- Level: Level 2
- Topic: Budgetary control
- Series: DEC 2023
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