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Management Accounting of Heidegger Pty Ltd

   

Added on  2021-06-16

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Running head: MANAGEMENT ACCOUNTINGManagement accountingUniversity NameStudent NameAuthors’ Note
Management Accounting of Heidegger Pty Ltd_1

2MANAGEMENT ACCOUNTINGAnswer to Part A:Preparation of basic master budget:Manufacturing Overhead Budget:ParticularsAprilMay June Direct Labor Hour75760119720140160IndirectLaborCostperDLH$30.66$30.66$30.66Total Indirect Labor Cost$23,22,802$36,70,615$42,97,306PowerCostperDLH$2.92$2.92$2.92Total Power Cost$2,21,219$3,49,582$4,09,267VariableMaintenanceCostperunit$37.78$37.78$37.78Variable Maintenance Cost$28,62,044$45,22,756$52,94,933FixedMaintenance$1,66,03,444$1,66,03,444$1,66,03,444Total Maintenance Costs$1,94,65,489$2,11,26,200$2,18,98,378OtherVariableCostperunit$21.90$21.90$21.90Other Variable Cost$16,59,144$26,21,868$30,69,504OtherFixedCost$73,00,000$73,00,000$73,00,000Other Manufacturing Costs$89,59,144$99,21,868$1,03,69,504Supervision$2,04,40,000$2,04,40,000$2,04,40,000Depreciation$18,25,000$18,25,000$18,25,000Rates&Utilities$15,08,200$15,08,200$15,08,200Budgeted Manufacturing Overhead$5,47,41,854$5,88,41,466$6,07,47,655Purchase Budget:ParticularsAprilMay June JulyBudgeted Sales Volume36500292003285043800Budgeted Production Volume189402993035040Cupsrequiredperunit222
Management Accounting of Heidegger Pty Ltd_2

3MANAGEMENT ACCOUNTINGTotal Cups Required378805986070080Add:ClosingInventoryofCups3504039420525607292099280122640Less:OpeningInventoryofCups438003504039420Budgeted Purchase Volume (in units)291206424083220CupsCostperunit$44.00$44.00$44.00Total Cost of Cups$12,81,280$28,26,560$36,61,680Vanesrequiredperunit3333Total Vanes Required5682089790105120Add:ClosingInventoryofVanes525605913078840109380148920183960Less:OpeningInventoryofVanes657005256059130Budgeted Purchase Volume (in units)4368096360124830VanesCostperunit$58.00$58.00$58.00Total Cost of Vanes$32,95,560$52,07,820$60,96,960Budgeted Direct Material Purchase$45,76,840$80,34,380$97,58,640Direct Material Budget:ParticularsAprilMay June TotalCupsrequiredforProduction378805986070080CupsCostperunit$44.00$44.00$44.00Total Cups Cost $16,66,720$26,33,840$30,83,520TotalVanesrequiredforProduction5682089790105120VanesCostperunit$58.00$58.00$58.00Total Vanes Cost $32,95,560$52,07,820$60,96,960Budgeted Direct Material Cost$49,62,280$78,41,660$91,80,480
Management Accounting of Heidegger Pty Ltd_3

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