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Mama Italiano Sauce is in the process of preparing a production cost budget for

ID: 2760747 • Letter: M

Question

Mama Italiano Sauce is in the process of preparing a production cost budget for May. The actual costs in April were:

Mama Italian Sauce

Production Cost Budget

April 2008

Production - Jars of sauce

20,000

Ingredient cost (variable)

$16,000

Labor cost (variable)

9,000

Rent (fixed)

4,000

Depreciation (fixed)

6,000

Other (fixed)

1,000

Total

$36,000

Using this information, prepare a budget for May stating the total amount for the May budget. Assume the budget will increase to 24,500 jars of sauce reflecting anticipated sales increase related to a new marketing campaign

Mama Italian Sauce

Production Cost Budget

April 2008

Production - Jars of sauce

20,000

Ingredient cost (variable)

$16,000

Labor cost (variable)

9,000

Rent (fixed)

4,000

Depreciation (fixed)

6,000

Other (fixed)

1,000

Total

$36,000

Explanation / Answer

Production Cost Budget Production - Jars of sauce 20000 Units Cost Per Unit 24500 Units Ingredient cost (variable) 16000 0.8 19600 Labor cost (variable) 9000 0.45 11025 Rent (fixed) 4000 4000 Depreciation (fixed) 6000 6000 Other (fixed) 1000 1000 Total 36000 41625 Total Budget =$ 41625

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