Answered: Company A sells three products: B, C,…

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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A company manufactures a single product. Below are the budgeted costs for the next financial period: Selling price per unit R24 Variable production cost per unit R8.60 Fixed production costs R650 000 Fixed selling and distribution costs R230 400 Sales commission 5% of selling price Sales 90 000 units The margin of safety is: a. None of the above b. 37.7% c. 30.0% d. 37.4% e. 31.1%
budget the labor expense for a forecasted sales level of $200,000 from the following data :historical sales level $100,000 Historical semi variable $30,000(tc $30,000=vc$25,000+$5,000)
) ML sells three products: Good, Better and Best. The market for the products dictates that the number of products sold are always in the ratio of 3Good:4Better:5Best. Budgeted sales volume and prices, and cost details for the previous period were as follows: Good Better Best Sales units 300 400 500 Selling price per unit GHS80 GHS55 GHS70 Contribution to sales ratio 70% 65% 50% The budgeted total fixed costs for the period were GHS31,200 Required: Calculate for that period: (i) The break-even sales revenue. (ii) The volume of each product that would have needed to be sold if the company had wanted to earn a profit of GHS29,520 in that period.
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enter all amounts as positive numbers
Melanio Company produces a merchandise that has the following data: Unit Sales Price P80 per unit P48 per unit P640,000 per annum 25,000 units Unit Variable Costs Total Fixed Costs Units sold during the current year
question A company manufactures a single product. Budget and Standard cost details for next year include: Selling Price per unit R24.00 Variable Production cost per unit R8.60 Fixed production costs R650 000 Fixed selling and distribution costs R230 400 Sales commission 5% of the selling price Sales 90 000 units Required he marketing manager has suggested that the selling price per unit can be increased to R25.00.If the sales commission is increased to 8% percent of selling price and a further R10 000 is spent on advertising Calculate the revised breakeven point based on the marketing managers suggestion
Budgeted information for X Ltd for the following period, analyzed by product, is shown below: Product A Product B Product C Selling price per unit $11 $10.5 $8 Variable costs per unit $5.8 $6 $5.2 Attributable fixed costs $275000 $337000 $296000 Sales Units for Product A is 444000, for Product B is 666000 and for product C 355200 General fixed costs, which are apportioned to products as a percentage sales are budgeted at $1668000. Required: (Recalculate the budgeted profit of X Ltd. On the assumption that product C is discontinued, with no effect on sales of the other two products. State and justify other…
Q.1.2 RiverMax (Pty) Ltd produces three items, X, Y and Z, which it supplies to the local stores. The table below indicates the budgeted information for 2023: X Y Z Sales (units) 35 000 34 000 48 000 Selling price per unit R17 R26 R23 Variable cost per unit R11 R18 R12 Annual fixed cost R250 000 R310 000 R360 000 Required: Calculate the aggregate break-even units and sales for RiverMax (Pty) Ltd. Round off your answers to the nearest whole number.
Bambini Company produces two products and the following budget applies: Selling price Variable cost Contribution margin Fixed cost Product M RM 6 2 4 Product N RM 12 4 8 RM 100,000 RM 200,000 Calculate the breakeven points for each product and comment on your findings.
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The following are selected budgeted data for Green Company for the coming year: Budgeted sales ₱600,000 Selling price per unit ₱12 Fixed expenses ₱150,000 Variable cost per unit ₱8 What is the breakeven point in units? Show solution Group of answer choices 018,750 012,500 150,000 037,500

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Company A sells three products: B, C, and D. Budgeted information for the upcoming accounting period follows. Product Sales Volume (Units) Selling Price Variable Cost B 16,000 ₱14 ₱9 C 12,000 10 6 D 52,000 11 8 The company's weighted-average unit contribution margin is: