The following information has been made available from the accounting records of payment Tuskegee Pond. for the last 5

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The following information has been made available from the accounting records of payment Tuskegee Pond. for the last 5 months of 2020 The units to be sold in different months are: August: 2.200 September: 3.400 October: 3,800 November: 5,000 December: 4,600 January 2021: 4,000 (1) There will be no work-in-progress at the end of any month (iii) Finished units equal to half the sales for the next month will be in stock at the end of every month (including July 2020) (iv) Budgeted Production and production costs for the year ending Dec. 2020 Production units: 44,000 Direct materials per unit: $10.00 Total Factory Overheads apportioned to product: $88.000 Required It is required to prepare (a) Production Budget for the last 5 months of 2020 (b) Production Cost budget for the same period.

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PRODUCTION BUDGET (FOR AUGUST TO DEC.2020) AUG. SEPT. OCT. NOV. DEC. TOTAL Estimated Sales 2200 3400 3800 5000 4600 19000 Add: Stock at the End 1700 1900 2500 2300 2000 10400 3900 5300 6300 7300 6600 29400 Less: Stock at the Beginning 1100 1700 1900 2500 2300 9500 Production Required 2800 3600 4400 4800 4300 19900 Notes for Production Budget: 1.Finished Units or Stock at the End = 1/2 x Sales of Next month 2.August Sales = 2200. July, Stock at the end = 1/2 * 2200= 1100. = Stock @ beginning for August. Similarly for the remaining months. PRODUCTION COST BUDGET (FOR AUGUST TO DEC.2020) Production Required (UNITS) 2,800 3,600 4,400 4,800 4,300 19,900 Direct Material @ $10 per unit 28,000 36,000 44,000 48,000 43,000 1,99,000 Direct Wages @$4 per unit 11,200 14,400 17,600 19,200 17,200 79,600 Factory Overheads = 88,000/44,000 =@ $2 per unit 5,600 7,200 8,800 9,600 8,600 39,800 PRODUCTION COST BUDGET 44,800 57,600 70,400 76,800 68,800 3,18,400 Notes for Production Cost Budget: 1. Production Required(Units) x Direct material per unit cost = Budgeted Cost of Direct materials in production. 2. Production Required(Units) x Direct wages per unit cost = Budgeted Cost of Direct Wages in production. 3.Production Required(Units) xFactory Overheads per unit cost = Budgeted Cost of Factory Overheads. 4. Total of Estimated Direct Material + Direct Wages + Factory Overheads = Production Cost Budget

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The following information has been made available from the accounting records of payment Tuskegee Pond

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PRODUCTION BUDGET
(FOR AUGUST TO DEC.2020)
	AUG.	SEPT.	OCT.	NOV.	DEC.	TOTAL
Estimated Sales	2200	3400	3800	5000	4600	19000
Add: Stock at the End	1700	1900	2500	2300	2000	10400
	3900	5300	6300	7300	6600	29400
Less: Stock at the Beginning	1100	1700	1900	2500	2300	9500
Production Required	2800	3600	4400	4800	4300	19900

PRODUCTION COST BUDGET
(FOR AUGUST TO DEC.2020)
Production Required (UNITS)	2,800	3,600	4,400	4,800	4,300	19,900

Direct Material @ $10 per unit	28,000	36,000	44,000	48,000	43,000	1,99,000
Direct Wages @$4 per unit	11,200	14,400	17,600	19,200	17,200	79,600
Factory Overheads = 88,000/44,000 =@ $2 per unit	5,600	7,200	8,800	9,600	8,600	39,800

PRODUCTION COST BUDGET	44,800	57,600	70,400	76,800	68,800	3,18,400