Answer the question Question 4 Company C makes and sells three types of products for which the following information is available: Standard cost and selling prices per unit: 'X' 'Y' Product type 'Z' (RM) (RM) (RM) Direct material 110 153 Direct labour department 1 ww Direct labour department 2.24. 40 55 70 32 44 monm, 16 250 Variable overheads 20 320 28 wwwwww Selling price 458 Fixed costs for the period are RM400,000. Direct labour from department 2, which is highly skilled, is available for 25,000 hours only in a period and is paid RM8 per hour. Both, direct labour from departments 1 and 2 are variable costs. The maximum demand for the product is: 'Z' 2,000 units 3,000 units 1,800 units 'X' 'Y' Required: (a) Calculate the shortage in hours of direct labour from department 2. (b) Calculate the best production plan and the maximum profit that could be achieved from the plan.

Answer the question Question 4 Company C makes and sells three types of products for which the following information is available: Standard cost and selling prices per unit: 'X' 'Y' Product type 'Z' (RM) (RM) (RM) Direct material 110 153 Direct labour department 1 ww Direct labour department 2.24. 40 55 70 32 44 monm, 16 250 Variable overheads 20 320 28 wwwwww Selling price 458 Fixed costs for the period are RM400,000. Direct labour from department 2, which is highly skilled, is available for 25,000 hours only in a period and is paid RM8 per hour. Both, direct labour from departments 1 and 2 are variable costs. The maximum demand for the product is: 'Z' 2,000 units 3,000 units 1,800 units 'X' 'Y' Required: (a) Calculate the shortage in hours of direct labour from department 2. (b) Calculate the best production plan and the maximum profit that could be achieved from the plan.

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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