The company only has 1,200 hours available and cannot obtain anymore. What production plan would maximise its profits?(a) 500 P, 100 Q and 400 R(b) 300 Q and 375 R(c) 400 Q and 300 R(d) 50 P, 250 Q and 400 R 11. A company makes three products, details of which are as follows:ProductPQ££8.00 18.006.50 12.000.501.00Selling priceVariable cost per unitunitFixed cost perProfit per unitHours used per unitMaximum salesR£22.0015.004.50 4.001.503.000.5 1.5500 3002400

Production plan is determined by the maximum profit per hour.

Answered: A company makes three products, details…

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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Shoosta Ltd produces two different products with the following monthly data: A1 A2 Total Selling price per unit $100 $12 Variable cost per unit $ 70 $ 3 Expected unit sales 21,000 14,000 35,000 Sales mix 60 percent 40 percent 100 percent Fixed costs $500,000 Assume the sales mix remains the same at all levels of sales. Round to the nearest unit of product, hundredth of a per cent, and nearest cent where appropriate. Required (show your workings for each question): b) How many units in total must be sold to break even?
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A company makes three products, details of which are as follows Product P £ £ £ 8.00 18.00 22.00 6.50 12.00 15.00 0.50 4.50 4.00 1.00 1.50 3.00 Selling price Variable cost per unit Fixed cost per unit Profit per unit Hours used per unit Maximum sales QR 0.5 1.5 2 500 300 400