18. Billy Ltd manufactures a single product and has produced the following budget for next year. Revenue (10,000 units) Variable manufacturing cost Fixed manufacturing cost Fixed selling cost Variable selling cost Cost of sales Profit A. £4,445 B. £5,000 C. £7,778 £'000 D. £8,750 700 800 600 No inventories are held, which of the following is the break even point in units ? 200 £'000 2,500 (2,300) 200

18. Billy Ltd manufactures a single product and has produced the following budget for next year. Revenue (10,000 units) Variable manufacturing cost Fixed manufacturing cost Fixed selling cost Variable selling cost Cost of sales Profit A. £4,445 B. £5,000 C. £7,778 £'000 D. £8,750 700 800 600 No inventories are held, which of the following is the break even point in units ? 200 £'000 2,500 (2,300) 200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

provide the variable cost per unit
6. Prepare a budgeted income statement using the information shown. Sales units 84,000 22 Sales price per unit Uncollectible expense Direct material per unit Direct labor hours per unit Direct labor rate per hour Manufacturing overhead Variable sales and administration expenses per unit sold Fixed sales and administration expenses 1% $4 $ 1.50 0.8 19 $14,000 $ 2.10 $23,000 Тахes 15%* *of income before taxes %24
Sohar Company has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods? Select one: O a. 27,000. O b. 3,000 Oc. None of the answers are correct O d. 15,000. e. 9,000.
Please provide correct solution
The budget of Bisby plc shows total production overheads of £78m. They plan to work 6m hours and total labour costs for the year are £26m. Which of the following can be a suitable absorption rate for the production overhead?   i. £4 per hour ii.  £13 per hour iii.  £3 per labour cost iv.  £13 per labour cost Select one: a. i and iii b. i and iv c. ii and iii d. ii and iv
A company’s static budget estimate of total shipping cost was $100,000 based on theassumption that 10,000 units would be produced and sold. The company estimatesthat 30% of this amount is variable and the remainder is fixed. What would be thetotal shipping cost if 12,000 units were produced and sold?a. $96,000b. $100,000c. $106,000d. $116,000
The following information relates to Lenard Inc. for the first quarter of 20YY: Data Table Accounts Amounts Units sold 60,000 Sales per unit $64 Variable cost per unit $24 Fixed costs $180,000 The company expects to spend an additional $40,000 in fixed costs during the second quarter of 20YY. Compute the break-even units for the second quarter of 20YY. Group of answer choices 5,500 units 1,000 units 4,500 units 10,000 units
Dhapa
(a) A company manufactures a single product which has variable cost of £40 per unit. The contribution to sales ratio is 45%. Monthly fixed costs are £198,000. What is the breakeven point in pounds and in units? (b) John makes and sells a product which has a variable cost of £60 and sells for £80 per unit. Budgeted fixed costs are £140,000 and budgeted sales are 16000 units. Determine the sales required to achieve this profit What is the breakeven point and margin of safety? (c) TLF Ltd wishes to sell 28,000 units of its product, which has a variable cost of £30 to make and sell. Fixed costs are £94,000 and required profit is £26,000. Calculate the sales price per unit (d) Apple Ltd makes and sells a single product, for which variable costs are follows:Direct materials $20Direct labour $16Variable production overhead $12…
Please do not give solution in image format thanku