(20 Eastorn Droams Lid manufachures a single product The bodgetod sales and production for Yoar 2021 is 10,000 units per month over the 1months The standard selling price and costs of the product are RM RM Seling Price Materials - 2 kg Labour-3 hours 50 16 6. 12 Varlable Production Overhead -3 hours 10 34 11 Total Variable Cost 16 12 Contribution The actual results for the month were 9,500 units RM494,000 RM167,960 RM114,513 RM61,446 Production and sales Sales Materials-19,760 kg Wages - 27,930 hours Variable Production Overhead Required

(20 Eastorn Droams Lid manufachures a single product The bodgetod sales and production for Yoar 2021 is 10,000 units per month over the 1months The standard selling price and costs of the product are RM RM Seling Price Materials - 2 kg Labour-3 hours 50 16 6. 12 Varlable Production Overhead -3 hours 10 34 11 Total Variable Cost 16 12 Contribution The actual results for the month were 9,500 units RM494,000 RM167,960 RM114,513 RM61,446 Production and sales Sales Materials-19,760 kg Wages - 27,930 hours Variable Production Overhead Required

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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sales per unit $15 $100 variable expenses per unit $9 $20 units sold annualy 20,000 5,000 Hawaiian Tahitian Joy Fantasy 15 Selling price per unit Variable expense per unit Number of units sold annually $ 100 20 5,000 20,000 Fixed expenses total $475,800 per year. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole
Selling price $215 $230 Direct materials (pounds) 23,000 25,000 Direct materials costs per pound $30 $32 Manufacturing capacity for CM5 (units) 11,000 11,000 Conversion costs (fixed costs) $770,000 $803,000 Conversion costs per unit of capacity $70 $73 Manufacturing conversion costs in each year depend on production capacity defined in terms of CM5 units that can be produced. Required: What is the net effect on operating income as a result of the growth component? $51,000 $116,800 $112,000 $166,000
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20. Sparkle Jewelry sells 600 units resulting in $75,000 of sales revenue, $32,000 of variable costs, and $26,000 of fixed costs. Breakeven points in units is? a. 447 units b. 684 units c. 810 units d. 363 units
10 In July, TPM Co. incurred total costs of $60,000 and made 6000 units. In December it produced 4000 units and total costs were $40,000. What is the variable cost per unit? a. S12.00 b. $15.00 c. S10.00 d. $8.00
23. Sparkle Jewelry sells 800 units resulting in $85,000 of sales revenue, $32,000 of variable costs. And $ 26,000 of fixed costs. The number of units that must be sold to achieve $41,000 of operating income is? a. 909 units. b. 393 units c. 1,012 units d. 619 units
3. A product's standard cost card includes the following: 3 hours of labour at £10 per hour = £30 In March, the company used 27,000 hours at a cost of £285,000 in order to produce 8,500 units. What was the labour rate variance? (a) £15,000 A (b) £30,000 A £45,000 A (d) £15,000 F
k nces Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $100,000 65,000 35,000 30,100 $ 4,900 Required: 8. What is the break-even point in unit sales? Note: Round intermediate calculations to 2 decimal places.
Breakeven analysis and target profit, taxes, what - if analysis Pome Company produces a single product: the Core. The following table provides the Core's details: Per unlt Sellingprice 10% of selling price For the upcoming 7 Labor cost. 6 Variable overhead cost. . . . . 2 Sales commissions.. .$30 Materials cost year, Pome Company expects to sell 500,000 units of the Core, have total fixed costs of $4,500,000, and face a tax rate of 30% of income. Required (a) At the expected level of unit sales, what is the after - tax income? (b)What is the breakeven unit sales of the Core? (c) The marketing manager believes that if the Core's price is cut by $2 unit, sales will increase by 10% . Is this change desirable from a financial perspective? (d)Ignore part (c) when answering this question. The production manager believes that if Pome Company rents a new machine, total manufacturing variable costs ( materials, labor, and overhead) per unit will each drop by 10% . What is the annual rent for…
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