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budgeting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › budgeting

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
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  • Author
    Posts
  • March 20, 2016 at 11:09 am #307127
    uneori
    Member
    • Topics: 2
    • Replies: 0
    • ☆

    Hi,

    please help me with below.
    A company manufactures a single product M.
    Budgeted production output is 200 units.
    Each unit requires 6 hours labour work for completion and the company anticipates 20% idle time.

    Labour is paid at a rate of 7$ per hour. What is the direct labour cost budget?

    my calculations were

    total hours 200x 6 so 1200 hours which are 80% from total hours because we do have 20% idle time so total hours are 1500.
    1500×7$ 10500 total cost

    in the book the answer is 8400 or maybe I am going mad. 🙁

    March 20, 2016 at 7:58 pm #307165
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51538
    • ☆☆☆☆☆

    Assuming that you have typed out the question correctly, then your answer is correct and the answer in your book is wrong.

    (If it is a BPP Revision Kit question, then tell me the number of the question and I will check the wording myself 🙂 )

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