Curro Limited manufactures and sells two products. The following information is available for 2021:Sales forecasts:Product AProduct B2 0004 100JulyAugustSeptember3 8004 2001 9002 400Selling price per unitR120R250Material requirements for each unit of finished productProduct A5 m2Product B8 m26 metresWoodSteel4 metresMaterial costs:R90 per m2R60 per metreWoodSteelStock levels: Product BOpening stockClosing stockJuly200300August150September200The cost of steel for production of Product B inSeptember will total:O A. R255 000B. R1 530 000C. R252 000D. R26 400 Curro Limited manufactures and sells two products. The following information is available for 2021:Sales forecasts:Product AProduct BJulyAugustSeptember2 0004 1001 9003 8002 4004 200Selling price per unitR120R250Material requirements for each unit of finished productProduct AProduct B8 m26 metresWood5 m2Steel4 metresMaterial costs:WoodR90 per m2R60 per metreSteelStock levels: Product AOpening stockClosing stockJuly200300August150September200The number of units of Product A to be produced inJuly will total:А. 2500В. 2000C. 2100D. 2200

Production of goods is the process of converting raw materials into final items via the use of…

Answered: Curro Limited manufactures and sells…

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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Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000, Unit Price - P10, Unit Cost - P8; Product Two: Units sold - 20,000, Unit Price - P8, Unit Cost - P7; Product Three: Units Sold - 5,000, Unit Price - P6, Unit Cost - 4.50. 2020 = Product One: Units Sold - 20,000, Total Price - P240,000, Total Cost - P180,000; Product Two: Units Sold - 20,000, Total Price - P180,000, Total Cost - P150,000; Product Three: Units Sold - 4,000, Total Price - P20,000, Total Cost - P16,000. The Sales Price factor shows a variance of:
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Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000Unit Price - P10, Unit Cost - ; Product Two: Units sold - 20,000, Unit Price - Unit Cost - P7; Product Three: Units Sold - 5, 000 , Unit Price - P6, Unit Cost - 4.50 2020 = Product One: Units Sold - 20,000Total Price - P240,000, Total Cost - P180,000 ; Product Two: Units Sold - 20,000 Total Price - P180,000 Total Cost - P150,000 ; Product Three: Units Sold - 4,000 , Total Price - P20,000 Total Cost - P16,000. The Sales-mix Factor shows a variance of? A. 2500F B. 4000U C. 5750 F D. 5750 U
5
14 - ABC production company calculates production costs according to the phase cost system. The information of the business for the period of June 2021 is as follows: According to the information given above, what is the total cost of the period-end semi-finished products for the period? a) 648,000 TL B) 360.000 TL NS) 96,000 TL D) 1.870.000 TL TO) 192.000 TL
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EXERCISE Gabriel Auto produces and sells an auto part for P30.00 per unit. In 2021, 100,000 parts were produced and 75,000 units were sold. Other information for the year are as follows: BUSINESS AD 5 1986 ATION Direct Materials cost/unit Direct Manufacturing Labor cost/unit Variable Manufacturing Costs/unit Sales Commissions/unit Fixed Manufacturing Costs (per year) Fixed Administrative Expenses (per year) Php 12.00 2.25 0.75 3.00 375,000.00 135,000.00 What is the Inventoriable cost/unit using Absorption Costing What is the Inventoriable cost/unit using Variable Costing THE PREMIER BUSINESS SCHOOL OF THE SOUTH
35- ABC production company calculates production costs according to the phase cost system. The information of the business for the period of June 2021 is as follows: According to the information given above, what is the share of general production expenses in the cost of end-of-period semi-finished products? a) 96,000 TL B) 1.870.000 TL NS) 360.000 TL D) 192.000 TL TO) 648,000 TL
The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the five months ending December 2021 August September October November December R320 000 R330 000 R325 000 R340 000 R410 000 Additional information: Cash sales comprise 40% of total sales. These customers are entitles to a 4% discount. Credit sales are collected as follows: 40% in the month of sale – these customers get a 2% discount 55% in the month after the sale 5% is written off as bad debts Credit sales for August will total: O A. R125 440 B. R192 000 O C. R128 000 O D. R320 000
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Hightech Sdn Bhd (HSB) produces knee guards for recreational activity, which are marketed throughout Malaysia. Selected cost and operating data relating to the product for two years are given below: Year 2020 Year 2021 Units in beginning inventory 0 ? Units produced during the year 18,000 10,800 Units sold during the year 14,400 14,400 Units in ending inventory 3,600 0 RM Selling price per unit 54 Manufacturing costs: Variable per unit produced: Direct materials 11 Direct labour 6 Variable overhead 5 Fixed per year 162,000 Selling and…

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