June 2006
Beginner
793 pages
20h 59m
English
Content preview from Quantitative Techniques: Theory and Problems
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PURCHASE BUDGET PROBLEM
Problem 1.65
X Ltd. estimates the following sales for the year 20X2: (figures being in lakhs of rupees)
It is anticipated that:
- Purchase cost of goods averages 60% of selling price which is Rs. 960 per unit.
- Finished Goods at least equal to 100% sale for the next three months will be in stock at the end of each month. Closing stock on 31st December = 100% of next three months’ sale.
Required: Formulate LPP to ascertain the amount of purchases of each product during each month.
Solution
Working Note:
Calculation of Closing Stock
| Months | Purchase Cost of Goods @ 60% of Sales | 3 months’ moving totals |
|---|---|---|
| Jan. | 2.16 ... |
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