137Exercise 4-24The Sonia Company has two product lines, high-speed printers andelectronic typewriters. The company's market research department preparedthe following sales forecast for the coming year, 2021Electronic TypewritersHigh-speed PrintersIndustry's total sales forecastCompany's share in the marketSales price per unit170,00010%P3,00025%The sales force submitted the following estimates:Electronic TypewritersHigh-speed PrintersLuzon3,6002,400Visayas8,400Mindanao000TotalTo establish an acceptable forecast, the budget director averages the twoestimates. The resulting forecast is then broken down by territories in the sameratio as reflected in the estimates of the sales forecast.REQUIRED:1. Prepare a sales budget by sales territory and by product lines for the year2021. Use the following format:Sonia CompanySales BudgetFor the Year Ending Dec. 31, 2021Electronic Typewriters High-speed PrintersUnitsAmountUnitsAmountLuzonVisayasMindanaoTotal

Budget is the pre-determined by the organization. It is the forecasting of goods or costs which are…

137 Exercise 4-24 The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market research department prepared the following sales forecast for the coming ycar, 2021. Electronic Typewriters High-speed Printers 40,000 Industry's total sales forecast Company's share in the market Sales price per unit 170,000 %01 P3,000 25% The sales force submitted the following estimates: Electronic Typewriters High-speed Printers 009 8,400 Luzon 2,400 Visayas 3,000 15,000 3,600 12,000 Mindanao Total To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount Luzon Visayas Mindanao Total

137 Exercise 4-24 The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market research department prepared the following sales forecast for the coming ycar, 2021. Electronic Typewriters High-speed Printers 40,000 Industry's total sales forecast Company's share in the market Sales price per unit 170,000 %01 P3,000 25% The sales force submitted the following estimates: Electronic Typewriters High-speed Printers 009 8,400 Luzon 2,400 Visayas 3,000 15,000 3,600 12,000 Mindanao Total To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount Luzon Visayas Mindanao Total

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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CVP Analysis of Multiple Products Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Steinberg expects to sell 90,000 regular models and 18,000 deluxe models. A segmented income statement for the two products is as follows: Regular Model Deluxe Model Total Sales $14,400,000 $12,060,000 $26,460,000 Less: Variable costs 8,640,000 7.236,000 15,876,000 Contribution margin $5,760,000 $4,824,000 $10,584,000 Less: Direct fixed costs 1,200,000 960,000 2,160,000 Segment margin $4,560,000 $3,864.000 $8,424,000 Less: Common fixed costs 1,485,600 Operating income $6,938,400 Required: 1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit. Regular models X units Deluxe models X units
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Question 3Study the scenario and complete the questions that follow:Nonna Greco LimitedNonna Greco Limited manufactures and sells Italian HIP sunglasses. The following information relatesto January 2020:Units manufactured and sold: 500Income statement:RSales 261 500Less: Manufacturing costs 223 000Material 75 000Labour 50 000Manufacturing overheads (@ R20 per machine hour) 98 00038 500Less: Selling and administrative expenses (60% fixed) 17 500Net profit 21 000The following changes will come into effect on 1 February 2020: A sales price increase of 10%, resulting in a 5% decrease in sales volume. Due to negotiations with the labour union, the labour rate per hour will increase by 6%. It is expected that material costs will increase by 10%.The variable budget for manufacturing overheads indicates a total cost ofR94 400 at a capacity utilisation of 4 600 hours.Source: Hunde, T. (2020)Required:3.1 Calculate the total marginal income and marginal income per unit for the year ended 1…
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Question 17 You are contemplating leaving your full-time employment to concentrate your ability on the marketing of a new low-energy portable heater. You have spoken to a group of manufacturers of similar product, and you have produced the following data based upon the production of 1200 heaters in the six months to December 31, 2021. R R Unit selling price 160 Less: Direct materials 50 Direct labour 30 Fixed Overheads: Admin 4.00 Rent 7.50 Rates…
137 Exercise 4-24 The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market rescarch department prepared the following sales forecast for the coming year, 2021. High-speed Printers Electronic Typewriters 170,000 40,000 Industry's total sales forecast Company's share in the market Sales price per unit 10% 25% P3,000 P5,000 The sales force submitted the following estimates: High-speed Printers 2,400 6,000 3,600 12,000 Electronic Typewriters Luzon 3,600 Visayas Mindanao 8,400 3,000 15,000 Total To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount…
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