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v pic i a manufacturer of toy models and one of its divisions, the Panzer division, specializes in he manufacture of toy models of World War II German battle tanks, the Panzer V "Panther and the Panzer VI "Tiger", The details for the 2 products are listed in the table below: Panzer VI "Tiger" 2,400 $200 Panzer V "Panther" Sales demand –forecast (units) 3,600 $150 Sales Price per unit $50 $40 $30 $20 $20 Direct Materials per unit Direct Labour per unit $40 $30 Variable costs per unit $40 Fixed costs per unit The fixed costs per unit has been calculated on the basis of the Panzer division's normal capacity of 71,000 tanks which include Panthers, 4,000 units, and Tigers, 3,000 units for a total of $200,000. Determine the revenue needed in total, and for each product, if the Panzer division intends to make a profit of $100,000. Use the batch method with the sales mix being Panther 3: Tiger 2. (LO3) (BT Level: Apply,

v pic i a manufacturer of toy models and one of its divisions, the Panzer division, specializes in he manufacture of toy models of World War II German battle tanks, the Panzer V "Panther and the Panzer VI "Tiger", The details for the 2 products are listed in the table below: Panzer VI "Tiger" 2,400 $200 Panzer V "Panther" Sales demand –forecast (units) 3,600 $150 Sales Price per unit $50 $40 $30 $20 $20 Direct Materials per unit Direct Labour per unit $40 $30 Variable costs per unit $40 Fixed costs per unit The fixed costs per unit has been calculated on the basis of the Panzer division's normal capacity of 71,000 tanks which include Panthers, 4,000 units, and Tigers, 3,000 units for a total of $200,000. Determine the revenue needed in total, and for each product, if the Panzer division intends to make a profit of $100,000. Use the batch method with the sales mix being Panther 3: Tiger 2. (LO3) (BT Level: Apply,

FINANCIAL ACCOUNTING
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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v pic i a manufacturer of toy models and one of its divisions, the Panzer division, specializes in he manufacture of toy models of World War II German battle tanks, the Panzer V "Panther and the Panzer VI "Tiger", The details for the 2 products are listed in the table below: Panzer VI "Tiger" 2,400 $200 Panzer V "Panther" Sales demand –forecast (units) 3,600 $150 Sales Price per unit $50 $40 $30 $20 $20 Direct Materials per unit Direct Labour per unit $40 $30 Variable costs per unit $40 Fixed costs per unit The fixed costs per unit has been calculated on the basis of the Panzer division's normal capacity of 71,000 tanks which include Panthers, 4,000 units, and Tigers, 3,000 units for a total of $200,000. Determine the revenue needed in total, and for each product, if the Panzer division intends to make a profit of $100,000. Use the batch method with the sales mix being Panther 3: Tiger 2. (LO3) (BT Level: Apply,
Transcribed Image Text:v pic i a manufacturer of toy models and one of its divisions, the Panzer division, specializes in he manufacture of toy models of World War II German battle tanks, the Panzer V "Panther and the Panzer VI "Tiger", The details for the 2 products are listed in the table below: Panzer VI "Tiger" 2,400 $200 Panzer V "Panther" Sales demand –forecast (units) 3,600 $150 Sales Price per unit $50 $40 $30 $20 $20 Direct Materials per unit Direct Labour per unit $40 $30 Variable costs per unit $40 Fixed costs per unit The fixed costs per unit has been calculated on the basis of the Panzer division's normal capacity of 71,000 tanks which include Panthers, 4,000 units, and Tigers, 3,000 units for a total of $200,000. Determine the revenue needed in total, and for each product, if the Panzer division intends to make a profit of $100,000. Use the batch method with the sales mix being Panther 3: Tiger 2. (LO3) (BT Level: Apply,
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