8.The expenses budgeted for production of 10,000units in a factory are furnished below.ParticularsRs.Materials70Labour25Variable overhead20Fixed overheads (Rs. 1,00,000)10Variable Expenses (direct)Selling expenses (10% fixed)13Distribution expenses (20% fixed)7.Administration expenses (Rs. 50,000)Total155Prepare a budget for production of:(a)8,000 units(b)6, 000 units.Assume that administration expenses are rigid forall levels of production.

Solution :- While production, there are various expenses incurred by a firm. There are two types of…

Answered: 8. The expenses budgeted for production…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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(b) Breakthrough Ltd provided the following standard cost card. Its budgeted production and sales for December 2021 were 10,000 units @ TZS 200,000 per unit. Budgeted fixed overheads were Tshs 200 millian. The standard cost card of breakthrough Ltd. TZS Direct material 4 kg of A at Tshs 5,000 per kg 2 kg ol B at Tshs 20,000 per kg Direct labour (5. hours per unit of production at Tshs15,000 per hour) Variable overhead (5 hours at Tshs 5,000 per labour hour) 20,000 40,000 75,000 25.000 Total variable cost 160.000 The company has also provided the actual results for December 2021. (AI the units produced during the period were sold. There is no closing inventory). TZS 000 TZS 000 2,089,500 Sales 10,500 units at Tshs199,000 Direct material A. 40,000kg at Tshs 6,000 per kg B. 23,000kg at Tshs 20,000 per kg Direct Labour 63.000 houcs at Tshs 15,000 per hour Variable overheads 63,000 hours at Tshs 4,000 per hour 240,000 460,000 945,000 252.000 (1,897,000) Actual contribution 192,500 Actual…
Prepare the sales budget (in dollars) for 20x0. light coils, heavy coils and projected sales.
Please complete a and b
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
Selected information from the direct materials budget of Perry Incorporated is provided here: First Second Third Fourth Required production in units of finished goods 15,000 12,500 7,500 15,000 Units of raw materials needed per unit of finished goods 4 4 4 4 Units of raw materials needed to meet production 60,000 50,000 30,000 60,000 Desired units of ending raw materials inventory ? ? ? 24,000 Total units of raw materials needed Units of beginning raw materials inventory 16,000 ? ? ? Units of raw materials to be purchased ? ? ? ? Unit cost of raw materials $ 5 $ 5 $ 5 $ 5 Cost of raw materials to be purchased ? ? ? ? Perry, Incorporated desires to maintain the ending inventory of raw materials at 40 percent of the next quarter's raw material needs. What is the cost of raw materials to be purchased in the first quarter? multiple choice $300,000 $320,000 $380,000 $400,000
Sun Valley showed the following on its direct materials budget for May: Units to be produced 62,500 Total kilos needed for production 5,000 Total kilos of materials to be purchased 7,500 The materials cost P2.50 per kilo. How much is the cost of direct materials per unit? • Cost of Direct Materials per Unit = Materials Cost x Total kilos needed for production/ Units to be produced a. Php 0.20 Ob. Php 0.30 C. Php 8.33
Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked): Rent (fixed) Supplies (variable) Utilities (mixed) $ 4.009 $150 + $0.75q The company's planned level of activity was 2,110 hours and its actual level of activity was 1,850 hours. How much supplies expense would be included in the planning budget? Multiple Choice C $7,840 $8,140 $8,340 $ 3,000 $8,440
The following are the budgeted and actual income statements for Tucan Ltd, a manufacturing business, for the month of January: Budget Output (production and sales) Sales revenue Raw materials Labour Fixed overheads Operating profit Output (production and sales) Sales revenue Raw materials Labour Fixed overheads 5,000 units Flexed budget £ 500,000 200,000 150,000 70,000 80,000 £ units Actual 6,000 units £ 630,000 270,000 150,000 78,000 132,000 C
Please use following terms and organize income statements correctly please with numbers thank you
A7 please help....
Q1. Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 70% and 80% capacity. Variable Overheads (60% capacity) Indirect Material = Rs. 6,000 Labour Rs. 18,000 Semi-variable overheads: Electricity (40% fixed) = Rs. 40,000 Repairs (80% fixed) = Rs. 2,400 Fixed Overheads: Depreciation Rs. 16,500 = Insurance = Rs. 4,500 Salaries= Rs. 20,000 Estimated Labour Hours 15,000 hrs = E
Question: Shoaib Co., is a manufacturing company. A summary of the budgeted profit statement for its next financial year is provide. The details is provided below: Rs. Rs. Sales (9,000 units at Rs. 32) 288,000 Less: Direct material 54,000 Direct wages 72,000 Production overhead Fixed 42,000 Variable 18,000 186,000 Gross profit 102,000 Less: Admin and marketing cost: Fixed 36,000 Variable 27,000 63,000 Net profit 39,000 Required: Calculate breakeven point in units and amount. How many units must be sold to earn profit before tax Rs. 32,500.

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