Mega Bank of F2 Questions & Answers

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Mega Bank of F2 Questions & Answers
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[assfii]

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[asna_arain]

An organisation is preparing its quarterly budget. it has consistently maintained stock level 10% of the following months sales. budget sales for january are 2000 units are expected to increase by 500 units per month for the following three months.what is the budgeted production in units for february.

[Chanchal]

Hi Asna,

It has been given that the closing stock for each month is mainatined at 10% of the budgeted sales of the FOLLOWING month. Hence to calculate the closing stock for January we need the sales figure for February and similarly to calculate the closing stock for February we need the sales figure of March.

It has been given that the budgeted sales for January are 2000 units and an increase of 500 units is expected per month. Hence
Budgeted sales for February = 2000 + 500 = 2500 units
Hence closing stock for January = Budgeted sales of February x 10%
= 2500 x 10%
= 250 units which is also the opening stock for February

We need to calculate the total production for the month of February. Hence we also need to know the closing stock required in February.
Budgeted sales for march = 2500 + 500 = 3000
Closing stock for February = Budgeted sales of march x 10%
= 3000 x 10%
= 300 units

Hence the total production for February = Budgeted sales + closing stock - opening stock
= 2500 + 300 - 250
= 2550 units

If you have any further queries, pls. feel free to ask.

[Altisha]

Hi all, where can i find the question bank?

[w1lson]

thx so much!!!!

[chasey]

HI where shoul i get the questions and answers? Pls send to me

[Smita]

Hi Chasey,

We have started this forum for the students benefits. You need to post your questions here and then you may get the answers either from your fellow students or from GTG tutor.

[awin_1977]

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